At least a portion of the auditors' consideration of internal control usually is performed at an interim date rather than at the balance sheet date.

Question

Quizplus · Accepted Answer

Auditors typically perform an interim review of internal controls to gain an understanding of the company's system of internal controls and identify areas of potential risk. This is usually conducted at some point between the end of the prior fiscal year and the balance sheet date, rather than just at the balance sheet date.

At Least a Portion of the Auditors' Consideration of Internal