In obtaining an understanding of an entity's internal control, an auditor is required to obtain knowledge about the:

Question

Quizplus · Accepted Answer

Choice "B" is correct. No - Yes. In obtaining an understanding of an entity's internal control, an auditor is required to obtain knowledge about the design of controls and whether they have been implemented. The auditor is not required to obtain knowledge about the "operating effectiveness of controls" as part of obtaining an understanding of internal control. Choices "A", "C", and "D" are incorrect, per the above explanation.

In Obtaining an Understanding of an Entity's Internal Control, an Auditor