The auditor assesses the internal controls of a non-public client for the purpose of planning.

Name: The auditor assesses the internal controls of a non-public client for the purpose of planning.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. As part of the planning process, an auditor assesses the internal controls of a non-public client to understand the nature, timing, and extent of substantive procedures needed to mitigate the risk of material misstatement in the financial statements.

The Auditor Assesses the Internal Controls of a Non-Public Client