The "obtaining an understanding" work phase (phase 1)of internal control evaluation would not give auditors an overall acquaintance with the client's
A) Control environment.
B) Information and communication system.
C) Control activity effectiveness.
D) Monitoring activities.

Question

Quizplus · Accepted Answer

While obtaining an understanding of the client's internal controls, auditors may gain knowledge about the control environment, information and communication system, and monitoring activities. However, the effectiveness of control activities is evaluated in phase 2 during the testing of controls.

The "Obtaining an Understanding" Work Phase (Phase 1)of Internal Control