When obtaining an understanding of internal controls,what is the independent external auditor primary concerned with?
A)Detecting all errors.
B)Determining the effectiveness of operations.
C)Determining whether the internal controls can be relied upon.
D)Determining whether the controls promote efficiency.

Question

Quizplus · Accepted Answer

The independent external auditor is primarily concerned with determining whether the internal controls can be relied upon. The auditor wants to ensure that the internal controls are effective in preventing material misstatements in the financial statements. While detecting errors and promoting efficiency are important, they are not the primary focus of the auditor when evaluating internal controls.

When Obtaining an Understanding of Internal Controls,what Is the Independent