When Obtaining an Understanding of an Entity's Internal Control in a Financial

question 42

Multiple Choice

When obtaining an understanding of an entity's internal control in a financial statement audit at a non-public company, an auditor is not obligated to:

• A)determine whether the control activities have been placed in operation.
• B)perform procedures to understand the design of the internal control system.
• C)document the understanding of the company's internal control system.
• D)search for significant deficiencies in the operation of the internal control system.

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