The auditor of a large U.S. public company has determined that a material weakness exists in the client's ICFR. Which of the following statements is true?
a. Such a weakness requires an adverse opinion of the financial statements.
b. The auditor should express an adverse opinion on internal controls only if a material misstatement was found in the financial statements.
c. The auditor should express an adverse opinion on internal controls, even though no material misstatements were found in the financial statements.
d. The auditor is not required to express an opinion on internal controls.
Answer: C
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