For integrated audits,when does the auditor test the operating effectiveness of important controls?
A)As of the beginning of the client's fiscal year.
B)As of the client's year end.
C)As of the end of the second quarter of the client's fiscal year.
D)None of these answers is correct.

Question

Quizplus · Accepted Answer

The auditor tests the operating effectiveness of important controls as of the client's year-end, as this is the point at which they can gather sufficient evidence to assess whether the controls have been operating effectively throughout the year. Testing at the beginning of the fiscal year would not be as effective, as the controls may not have been in operation for the whole year, and testing at the end of the second quarter would not allow for a full assessment of the controls' effectiveness throughout the year.

For Integrated Audits,when Does the Auditor Test the Operating Effectiveness