Auditing standards require that tests of controls be performed on every audit engagement.

Question

Quizplus · Accepted Answer

Auditing standards require that tests of controls be performed only when deemed necessary based on the auditor's assessment of the risks of material misstatement. The extent of testing required will depend on the auditor's assessment of the operating effectiveness of the controls and their potential impact on the financial statements.

Auditing Standards Require That Tests of Controls Be Performed on Every