Question

S&H Associates has just performed an audit of Bob's Bikes. S&H was unable to obtain a written representation from management about internal control. Which of the following is true?

A. S&H must still assume that management has assessed the effectiveness of internal control.

B. Depending on other factors in the audit, S&H can still issue an unqualified opinion.

C. S&H should consider this situation a limitation on the scope of the audit.

D. Management does not need to give S&H a letter if it has disclosed all known internal control deficiencies.

Answer

This answer is hidden. It contains 1 characters.