The primary emphasis by auditors is on controls over
A) classes of transactions.
B) account balances.
C) both A and B, because they are equally important.
D) both A and B, because they vary from client to client.

Question

Quizplus · Accepted Answer

Auditors primarily focus on controls over classes of transactions, as these are the processes through which transactions are initiated, authorized, recorded, and processed. Controls over account balances are also important, but they are a result of effective controls over transactions. However, the emphasis may vary depending on the client and their specific risks and areas of concern.

The Primary Emphasis by Auditors Is on Controls Over