The assessment of internal control is at the end of the client's reporting period.There is often an opportunity to correct a deficiency before the end of the year if it is identified early enough.

Question

Quizplus · Accepted Answer

The statement is true. The assessment of internal control is typically done at or near the end of the reporting period but any deficiencies discovered earlier can be corrected before the year-end.

The Assessment of Internal Control Is at the End of the Client's