Tests of controls will usually be carried out:
A)only by the audit engagement partner.
B)at an interim date.
C)only after year-end.
D)by the client's board of directors.

Question

Quizplus · Accepted Answer

Tests of controls can be performed at an interim date to assess the design and implementation of a client’s internal controls, allowing the auditor to identify any deficiencies in a timely manner so that appropriate remedial action can be taken. Therefore, option B is the best choice. Option A, C, and D are incorrect as tests of controls are conducted by the audit team, not just the engagement partner, may be performed before or after year-end, and are not the responsibility of the client's board of directors.

Tests of Controls Will Usually Be Carried Out