Does a qualified opinion on management's assessment of internal controls over the financial reporting system necessitate a qualified opinion on the financial statements? Explain
No. Auditors are permitted to simultaneously render a qualified opinion on management's assessment of internal controls and an unqualified opinion on the financial statements. In other words, it is technically possible for auditors to find internal controls over financial reporting to be weak, but conclude through substantive tests that the weaknesses did not cause the financial statements to be materially misrepresented.
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New media are mutually active and allow users to probe, question, and constantly find information. What are four interactive technologies beyond the Internet?
What will be an ideal response?
A union avoidance approach that involves harassment, demotion, or discharge of union activists is known as union ________.
What will be an ideal response?
Gannon has prepared an effective and well-thought out electronic presentation on business uses of social networking. As he is setting up for his presentation, the laptop he plans to use with the projector has a hardware failure. What should he do?
a. Expect that his host will provide him with another computer because he cannot complete his presentation without his slides. b. Hand out copies of the slides to the audience and give his talk as he planned, only without the computer. c. Decline to deliver the presentation. d. Reschedule the presentation for a later date.
The owner of the new Sharp Scissors hair salon gave coupons to potential customers walking by her store to stimulate interest and offer a trial of her new hair salon. The coupons are an example of
A. a channel of distribution. B. advertising. C. publicity. D. sales promotion. E. media.