Opinion on Internal Control vs. Opinion on Financial Statements

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  • February 24, 2013 at 9:24 pm #176327
    k1zuna
    Member

    for an issuer, if an adverse opinion is expressed on the operating effectiveness of internal controls (due to material weakness), should the opinion on the financial statements also be adverse? Or are they entirely two different opinions?

    test on 2/28 please help! thanks

    FAR - Passed
    AUD - Passed
    BEC - Passed
    REG - 8/22/2013

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  • February 24, 2013 at 9:57 pm #398082
    Futile
    Member

    They are different opinions.

    CPA exam: Done!

    Thank You, Lord.

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