An auditor performing an audit of internal control over financial reporting would be required to:
A)rely on the work of internal auditors.
B)test all of the entity's internal controls.
C)form an opinion on the effectiveness of internal control.
D)randomly identify accounts for an audit of internal control.

Question

Quizplus · Accepted Answer

The auditor performing an audit of internal control over financial reporting is required to form an opinion on the effectiveness of internal control. This opinion is based on the testing of internal controls, but the auditor would not necessarily test all of the entity's internal controls. The auditor is not required to rely on the work of internal auditors or randomly identify accounts for an audit of internal control.

An Auditor Performing an Audit of Internal Control Over Financial