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AICPA CPA-Auditing Exam - Topic 3 Question 58 Discussion

Actual exam question for AICPA's CPA-Auditing exam
Question #: 58
Topic #: 3
[All CPA-Auditing Questions]

In which case might an auditor of an issuer render a qualified opinion on internal control?

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Suggested Answer: D

Choice 'd' is correct. A scope limitation requires the auditor to disclaim an opinion or withdraw from the engagement, and a material weakness in internal control requires the auditor to issue an adverse opinion.

Neither situation would result in a qualified opinion.

Choice 'a' is incorrect. A scope limitation requires the auditor to disclaim an opinion or withdraw from the engagement.

Choice 'b' is incorrect. A material weakness in internal control requires the auditor to issue an adverse opinion.

Choice 'c' is incorrect. A scope limitation requires the auditor to disclaim an opinion or withdraw from the engagement, and a material weakness in internal control requires the auditor to issue an adverse opinion.

Neither situation would result in a qualified opinion.


by Zona at Sep 17, 2022, 08:29 AM

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Wilda
4 months ago
Not sure about 'C', seems like a stretch to me.
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Tabetha
5 months ago
Scope limitation can definitely lead to a qualified opinion.
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Albina
5 months ago
Surprised that people think it's not both!
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Katina
5 months ago
I think it's just 'B', material weakness is key.
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Andra
5 months ago
Definitely 'C', both are valid reasons.
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Glennis
6 months ago
I feel like I read that both 'a' and 'b' could apply, but I can't recall the exact details. Maybe I should go with option C?
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Leah
6 months ago
I’m a bit confused about the difference between a qualified opinion and an adverse opinion. Does a material weakness always mean a qualified opinion?
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Rene
6 months ago
I remember practicing a question similar to this, and I think both a scope limitation and a material weakness could lead to a qualified opinion.
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Shawana
6 months ago
I think a qualified opinion could be due to a scope limitation, but I'm not entirely sure if that's the only reason.
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Stephaine
6 months ago
From what I remember, the ACI policy model is all about abstracting away the underlying network complexity, so I'm leaning towards option A.
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Dominic
6 months ago
Okay, I think I've got a strategy here. I'll focus on the key terms like "industry standards," "vendor-neutral," and "vendor lock-in" to guide my answer.
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Deeann
6 months ago
Hmm, I'm a little unsure about this one. Is it possible that it could be about managing customer expectations? That might also lead to increased costs as the project evolves.
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Carline
6 months ago
This reminds me of a similar question on the practice exam where we had to identify what auditors need to disclose. I really need to double-check my notes!
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