Auditors Consider Internal Control During the Audit of a Nonpublic

question 5

Multiple Choice

Auditors consider internal control during the audit of a nonpublic company:

• A) For all the same purposes as on an audit of a public company.
• B) To identify areas of risk and help to plan the financial statement audit.
• C) To help to plan the financial statement audit and issue an opinion on effectiveness.
• D) Only if they are sure it will be helpful when performing the financial statement audit.