What is meant when management remediates a material weakness


Response to the following questions:

1. AS5 indicates that certain circumstances are indicators of a material weakness. What are these circumstances, and why do you think the PCAOB assessed them as being of such importance?

2. Describe what is meant when management remediates a material weakness. If a material weakness is remediated and sufficiently tested before the "as of" date, what can management assert about ICFR? Explain why.

 

Request for Solution File

Ask an Expert for Answer!!
Auditing: What is meant when management remediates a material weakness
Reference No:- TGS02114445

Expected delivery within 24 Hours