GAAS requires the auditor to obtain an understanding of internal control, however, obtaining an understanding of internal control is not applicable in all attest engagements.

Question

Quizplus · Accepted Answer

In attest engagements, the requirement to understand internal control varies based on the nature of the engagement and the specific standards applicable to that engagement, unlike in audits where understanding internal control is a fundamental requirement under GAAS.

GAAS Requires the Auditor to Obtain an Understanding of Internal