When an auditor assesses controls as operating effectively, the auditor could conclude that:
A) the internal controls over financial reporting had a significant deficiency
B) there was no need to conduct substantive procedures
C) the control environment was weak
D) internal control over financial reporting is effective

Question

Quizplus · Accepted Answer

When an auditor assesses controls as operating effectively, it indicates that the auditor believes the internal control over financial reporting is effective, not that there are deficiencies or weaknesses.

When an Auditor Assesses Controls as Operating Effectively, the Auditor