As part of understanding the internal control,an auditor is not required to
A) Consider factors that affect the risk of material misstatement.
B) Ascertain whether internal control policies and activities have been placed in operation.
C) Identify the types of potential misstatements that can occur.
D) Obtain knowledge about the operating effectiveness of the client's internal control activities.

Question

Quizplus · Accepted Answer

An auditor is not required to obtain knowledge about the operating effectiveness of the client's internal control activities during the understanding phase; this is typically done during the testing phase.

As Part of Understanding the Internal Control,an Auditor Is Not