An auditor's study and evaluation of the internal accounting control system made in connection with an annual audit is usually not sufficient to express an opinion on an entity's system because:
A)the audit cost-benefit relationship permits an auditor to express only reasonable assurance that the system operates as designed.
B)the evaluation of weaknesses is subjective enough that an auditor should not express an opinion on the internal accounting controls alone.
C)only those controls on which an auditor intends to rely are reviewed, tested and evaluated.
D)management may change the internal accounting controls to correct weaknesses.

Question

Quizplus · Accepted Answer

An auditor's study and evaluation of the internal accounting control system in connection with an annual audit usually only involves the review, testing, and evaluation of those controls on which an auditor intends to rely. As such, it may not be sufficient to express an opinion on the entity's system as a whole. The other options do not accurately reflect the reason why an auditor's evaluation may not be sufficient.

An Auditor's Study and Evaluation of the Internal Accounting Control