What is the purpose of tests of control?
A) to obtain an understanding of the control over assets
B) to provide evidence as to the fairness of management's financial statement assertions.
C) to provide evidence about the effectiveness of the internal control structure, policies and procedures.
D) none of the above.

Question

Quizplus · Accepted Answer

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

What Is the Purpose of Tests of Control