The management's report on ICFR (internal control on financial reporting) issued by management includes disclosures about corrective actions taken by the company after the date of management's assessment and the company's plan to implement new controls.
A. What type of report on ICFR would you issue? Tell why you made the choice you did. Remember, your choice is the only correct answer.
B. Would your answer change if it is a material weakness? Explain