Auditors Typically Rely on Internal Controls of Their Private Company

question 67

Multiple Choice

Auditors typically rely on internal controls of their private company clients:

• A)only as needed to complete the audit and satisfy Sarbanes-Oxley requirements.
• B)only if the controls are determined to be effective.
• C)only if the client asks an auditor to test controls.
• D)only if the controls are sufficient to increase Control Risk to an acceptable level.