In the audit of a non-public company, when might an auditor decide not to test internal controls?
a. it is more cost effective to test ending account balances
b. the controls are not operating effectively
c. assessment of control risk is high
d. all of the above
Ans a. it is more cost effective to test ending account balances
In the audit of a non-public company, when might an auditor decide not to test internal controls it is more cost effective to test ending account balances. In case where the controls are not operating effectively or assessment of control risk is high the auditor must decide to test internal controls
In the audit of a non-public company, when might an auditor decide not to test internal...
In the audit of a non-public company, when might an auditor decide not to test internal controls? a. It is more cost effective to test ending account balances b. The controls are not operating effectively c. Assessment of control risk is high d. All of the above
In the audit of a non-public company, when might an auditor decide not to test internal controls?In the audit of a non-public company, when might an auditor decide not to test internal controls?
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