While examining internal control weaknesses, the auditor may need to change the timing of planned substantive tests related to an assertion from interim testing to testing ________ balances.
A)year-end
B)end-of-quarter
C)month-end
D)None of these answer choices are correct.

Question

Quizplus · Accepted Answer

Testing year-end balances provides a more reliable reflection of the financial statements as a whole rather than interim testing. It allows for a more complete picture of the company's financial position and reduces the risk of significant misstatements being undetected.

While Examining Internal Control Weaknesses, the Auditor May Need to Change