Business, 21.04.2020 02:35, Tyrant4life

AnnaLisa, an auditor for N. M. Neal & Associates, is prevented by the management of Lileah Company from auditing controls over inventory. Lileah is a public company. Management explains that controls over inventory were recently implemented by a highly regarded public accounting firm that the company hired as a consultant and insists that it is a waste of time for AnnaLisa to evaluate these controls. Inventory is a material account, but procedures performed as part of the financial statement audit indicate the account is fairly stated. AnnaLisa found no material weakness in any other area of the client's internal control relating to financial reporting. What kind or report should AnnaLisa issue on the effectiveness of Lileah's internal controls?

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AnnaLisa, an auditor for N. M. Neal & Associates, is prevented by the management of Lileah Compa...