For an auditor's report to conclude that ICFR is effective, the auditor must have confidence in the conclusion that the ICFR are effective in both design and operation. The applicable period of time pertaining to this conclusion is:
A) the last day of the fiscal year.
B) the end of the fiscal year and for a reasonable period of time prior to the fiscal year-end.
C) throughout the majority of the fiscal year.
D) throughout the entire fiscal year.

Question

Quizplus · Accepted Answer

The auditor must have confidence in the conclusion that the ICFR are effective in both design and operation at the end of the fiscal year and for a reasonable period of time prior to the fiscal year-end.

For an Auditor's Report to Conclude That ICFR Is Effective