Which of the following generic steps in a financial statement audit should occur last?
A)Issue the audit report.
B)Perform compliance testing.
C)Review the internal control system.
D)Evaluate management's credentials.

Question

Quizplus · Accepted Answer

Issuing the audit report is the final step in a financial statement audit. Compliance testing, reviewing the internal control system, and evaluating management's credentials all occur earlier in the audit process.

Which of the Following Generic Steps in a Financial Statement