Testing of internal controls is typically conducted _______.
A)during an interim period
B)at the balance sheet date
C)after the balance sheet date
D)upon issuance of the audit report

Question

Quizplus · Accepted Answer

Testing of internal controls is typically conducted during an interim period to allow auditors to identify and address any issues well before the balance sheet date, ensuring that the financial statements can be relied upon.

Testing of Internal Controls Is Typically Conducted _______