The timing of audit testing refers to the stage of the audit when procedurare performed and the date that audit evidence relatto.

Question

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The timing of audit testing is an important factor in determining the effectiveness of audit procedures and the relevance of audit evidence. It can vary depending on the nature of the audit test and the specific objectives of the auditor. For example, tests of controls may be performed during interim periods to reduce the risk of material misstatements or fraud, while substantive procedures may be conducted at year-end to obtain sufficient evidence about account balances or transactions. The date that audit evidence relates to is also important, as it determines the period or date to which the audit opinion relates.

The Timing of Audit Testing Refers to the Stage of the Audit