Discuss AICPA CPA-Auditing Exam Topic 3 Question 58

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

AWhen there is a scope limitation.

BWhen there is a material weakness in internal control.

CBoth 'a' and 'b'.

DNeither 'a' nor 'b'.

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.

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13 comments · newest first

Wilda 10 months ago

Not sure about 'C', seems like a stretch to me.

Tabetha 11 months ago

Scope limitation can definitely lead to a qualified opinion.

Albina 11 months ago

Surprised that people think it's not both!

Katina 11 months ago

I think it's just 'B', material weakness is key.

Andra 11 months ago

Definitely 'C', both are valid reasons.

Glennis 12 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?

Leah 12 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?

Rene 12 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.

Shawana 1 year 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.

Stephaine 1 year 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.

Dominic 1 year 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.

Deeann 1 year 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.

Carline 1 year 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!

AICPA CPA-Auditing Exam - Topic 3 Question 58 Discussion