The purpose of tests of controls is to determine that:
A)Internal control policies and procedures are functioning as prescribed.
B)The extent of further audit procedures can be reduced.
C)Errors and irregularities are prevented or detected in a timely manner.
D)The auditor has an understanding of internal control.

Question

Quizplus · Accepted Answer

Tests of controls are performed to evaluate the effectiveness of an entity's internal control policies and procedures in preventing or detecting material misstatements.

The Purpose of Tests of Controls Is to Determine That