An engagement to express an opinion on a system of internal accounting control will generally:
A)increase the reliability of the financial report that has already been audited.
B)require procedures that duplicate those already applied in assessing control risk during a financial report audit.
C)be more limited in scope than the assessment of control risk made during a financial report audit.
D)be more extensive in scope than the assessment of control risk made during a financial report audit.

Question

Quizplus · Accepted Answer

An engagement to express an opinion on a system of internal accounting control typically involves a more thorough and detailed examination of the controls than what is conducted during the assessment of control risk in a financial report audit. This is because the objective is to provide an opinion specifically on the effectiveness of the internal controls, requiring a more extensive scope of procedures.

An Engagement to Express an Opinion on a System of Internal