When planning an audit of internal controls for an issuer,the audit team should
A) Identify significant accounts, locations, and assertions.
B) Conduct a walkthrough of the internal control process.
C) Make inquiries of employees regarding the existence of control activities.
D) Reperform control activities performed by client employees to determine their effectiveness.

Question

Quizplus · Accepted Answer

The audit team should identify significant accounts, locations, and assertions to focus their efforts on areas that could have a material impact on the financial statements, ensuring a thorough and effective audit of internal controls.

When Planning an Audit of Internal Controls for an Issuer,the