The Five Step Process in the Audit of ICFR Includes

question 14

Multiple Choice

The five step process in the audit of ICFR includes

• A) Form an opinion on the safeguarding of the entity's assets.
• B) Identify controls to test using a top-down, risk-based approach.
• C) Form an opinion on the fairness of the presentation of the financial statements.
• D) Form an opinion on the effectiveness of internal controls in meeting operational goals.

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