Which one of the following will an audit of a company's internal control include?
A)Reliance on client's internal controls testing.
B)Sampling of key controls and related testing.
C)Concluding on the accuracy of income statement balances.
D)Design of the internal control system by the auditor.

Question

Quizplus · Accepted Answer

An audit of a company's internal control will include sampling of key controls and related testing to assess the effectiveness of the internal control system in place. The auditor will not rely solely on the client's internal controls testing and will not design the internal control system themselves. Concluding on the accuracy of income statement balances is part of the financial statement audit, not the internal control audit.

Which One of the Following Will an Audit of a Company's