proposes some of the questions which must be answered before any final judgment can be made.РTHE CURRENT STATUS OF REPORTSРAlthough auditors' reports do in several circumstances contain references to internal control, the nature of the representations made concerning effectiveness differ significantly.РLarge banks. Opinions on internal control are, in fact, given in the ease of a few large banks and the opinions do appear in published annual reports. These opinions are sometimes requested by the board of directors. For example, the following opinion appears in the 1969 annual report of a large New York bank, as a third paragraph in the independent accountant's standard short-form report:РOur examination included an evaluation of the effectiveness of the hunk's internal accounting controls,
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