In reviewing the financial statements of a nonpublic entity, an accountant is required to modify the standard report for which of the following matters?
|
Inability to assess the risk of material misstatement due to fraud |
Discovery of significant deficiencies in the design of the entity’s internal control |
|
|
a. |
Yes |
Yes |
|
b. |
Yes |
No |
|
c. |
No |
Yes |
|
d. |
No |
No |