For an integrated audit,the auditor's opinion about internal control effectiveness is based on control effectiveness at year-end as opposed to throughout the year.

Question

Quizplus · Accepted Answer

The auditor's opinion about internal control effectiveness is based on control effectiveness at year-end because the auditor is assessing the effectiveness of the controls as of a specific point in time. The auditor cannot assess the effectiveness of the controls throughout the year because the controls may have changed over time.

For an Integrated Audit,the Auditor's Opinion About Internal Control Effectiveness