Tests of controls
A) are the procedures used to test the effectiveness of controls in support of a reduced assessed control risk.
B) are used to support the ending balances in the balance sheet and income statement accounts.
C) are performed at the end of the audit.
D) are designed to detect fraud.

Question

Quizplus · Accepted Answer

Tests of controls are specifically performed to test the effectiveness of controls in a company's internal control system to support a reduced assessed control risk. They are not used to support ending balances in accounts, performed at the end of the audit, or designed to specifically detect fraud.

Tests of Controls