Question

Auditors often identify less significant internal control-related issues, as well as opportunities for the client to make operational improvements in the ___________.

1) adverse opinion
2) Section 404 report
3) management letter
4) Type 1 report

Answer 1

Auditors often identify less significant internal control-related issues and opportunities for operational improvements in the management letter.

Step-by-step explanation:

Auditors often identify less significant internal control-related issues, as well as opportunities for the client to make operational improvements in the management letter. The management letter is a communication between auditors and management that summarizes findings and recommendations related to the company's internal controls and operational efficiency. It typically contains suggestions for improvement, without rendering an opinion on the financial statements.