Auditors assess internal controls for the purpose of planned audit evidence.
A) increasing
B) reducing
C) requiring
D) estimating

Question

Quizplus · Accepted Answer

Auditors assess internal controls in order to gain assurance about the reliability of financial statements. By assessing internal controls, the auditor can determine the extent of tests needed on specific transactions, accounts, or classes of transactions, thus reducing audit evidence needed.

Auditors Assess Internal Controls for the Purpose of Planned Audit