For internal control testing related to a financial statement audit,the population is usually
A)all items in the class of transactions or account balance for the year
B)all items in the class of transactions or account balance for the end of the year
C)all items in the class of transactions or account balance during the year
D)all items in the class of transactions or account balance for the beginning of the year

Question

Quizplus · Accepted Answer

The population for internal control testing in a financial statement audit typically includes all items in the class of transactions or account balance for the entire year, to ensure a comprehensive evaluation of the controls over those transactions or balances throughout the period under audit.

For Internal Control Testing Related to a Financial Statement Audit,the