When there are a number of controls tested in prior audits that have not been changed, auditing standard require auditors to test some of those controls each year to ensure there is a rotation of controls testing throughout the three-year period.

Question

Quizplus · Accepted Answer

Auditing standards do require auditors to rotate the testing of controls each year to ensure coverage of all controls over a three-year period. This helps to ensure that controls are effective and provides an appropriate level of assurance for the financial statement assertions.

When There Are a Number of Controls Tested in Prior