When completing the audit of internal controls for an issuer,AS 5 requires auditors of public companies to report on:
A) Option A
B) Option B
C) Option C
D) Option D

Question

When completing the audit of internal controls for an issuer,AS 5 requires auditors of public companies to report on: 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

AS 5 requires auditors of public companies to report on the effectiveness of internal control over financial reporting (ICFR). Option A and Option B are incorrect as they are not related to the audit of internal controls for an issuer. Option D is also incorrect as it does not pertain to the requirements of AS 5.

When Completing the Audit of Internal Controls for an Issuer,AS