The purpose of tests of controls is to determine whether
A)Internal control policies and procedures are working as prescribed.
B)Substantive testing can be kept to a minimum.
C)Errors and irregularities are prevented or detected in a timely manner.
D)The auditor has an understanding of the control system.

Question

Quizplus · Accepted Answer

Tests of controls are conducted to evaluate the effectiveness of an entity's internal control policies and procedures in preventing or detecting material misstatements.

The Purpose of Tests of Controls Is to Determine Whether