Umberto Levinson has performed a test of controls of a flower shop. He is trying to determine the timing of substantive procedures at year end. Which factor will determine the timing of his audit procedures?
A) timing of the year-end work
B) audit risk
C) inherent risk
D) control risk

Question

Quizplus · Accepted Answer

The timing of the year-end work will determine the timing of the audit procedures because the auditor needs to ensure that the procedures are performed at a time when the controls are operating effectively.

Umberto Levinson Has Performed a Test of Controls of a Flower