The purpose of internal control testing is to gather evidence about
A)internal controls over financial statements
B)internal controls over financial reporting
C)the operating effectiveness of the control
D)whether the control has been placed in operation

Question

Quizplus · Accepted Answer

The purpose of internal control testing is to gather evidence about the operating effectiveness of the control, i.e., how well the control is functioning to achieve its intended objectives. Testing can also assess whether the control has been put into operation, but this is not the primary objective of testing. Internal controls over financial statements or financial reporting are related to financial reporting, but the purpose of testing is more specific to testing the effectiveness of controls.

The Purpose of Internal Control Testing Is to Gather Evidence