For Integrated Audits,when Does the Auditor Test the Operating Effectiveness

question 83

Multiple Choice

For integrated audits,when does the auditor test the operating effectiveness of important controls?

• A)As of the beginning of the client's fiscal year.
• B)As of the client's year end.
• C)As of the end of the second quarter of the client's fiscal year.
• D)None of these answers is correct.

---

Definitions:

Land

An essential factor of production representing all natural resources used to produce goods and services.

Total Supply

The entire amount of a particular good or service available for purchase at any given price and time in a market.

Perfectly Inelastic

A situation in demand where the quantity demanded does not change regardless of changes in price.

Short Run

A period of time during which at least one of a firm's inputs is fixed, limiting its capacity to adjust to changes in demand.