Public company auditors test controls in order to ________.
A)determine if they should be eliminated
B)support an opinion on internal controls
C)decide if responsibility for internal control should be reassigned from management to the internal auditors
D)determine their audit opinion without regard to substantive testing

Question

Quizplus · Accepted Answer

Public company auditors test controls in order to support an opinion on internal controls, which is a required component of their audit. The opinion on internal controls determines whether the auditors have reasonable assurance that the company's financial statements are free of material misstatements caused by errors or fraud. Testing controls helps auditors assess whether the company's internal control system is effective in preventing or detecting such misstatements.

Public Company Auditors Test Controls in Order to ________