Question

Question 5:
Letter of weakness deals with weakness in?
a.statutory audit
b.internal controls
c.financial position
d.chief accountant​

Answer 1

Answer:

an ans . is. ( internet control )

Answer 2

It deals with Internal Controls.

• Auditing is the process of formal inspection of an enterprise's financial statements.
• The prime objective of an audit is to shape an informed opinion about the audited entity's financial statements.
• The letter is an audit report that identifies shortcomings in internal control mechanisms.
• It also proposes steps for correcting the system's flaws and strengthening the control system's security.