anchor: 7 However, participants cautioned that reporting only on internal controls over financial reporting could lead to more of a gap in what investors perceive as the scope of the auditor's work.
positive: Investor perceptions of the scope of auditing is one of the potential ramifications of focusing reports exclusively on internal controls as they relate to financial reporting.
negative: Participants didn't say anything about what narrow reporting on internal controls might mean for how investors understood the scope of auditing.