The auditor's consideration of a private company's internal control is:
A) recommended by most capital market authorities.
B) required by ISA 315.
C) required by IFAC's Code of Ethics.
D) required by IFRS.

Question

Quizplus · Accepted Answer

ISA 315 requires auditors to understand the entity's internal control relevant to the audit when planning and performing an audit of financial statements.

The Auditor's Consideration of a Private Company's Internal Control Is