An Auditor Gathers Evidence on Internal Controls for Which Respective

question 4

Multiple Choice

An auditor gathers evidence on internal controls for which respective time periods for the purposes of expressing an opinion on (1) control effectiveness and for (2) testing controls in the financial statement period? Control Effectiveness Financial Statement

• A)(1)As of year-end (2)As of year end
• B)(1)As of year-end (2)Throughout the year
• C)(1)Throughout the year (2)As of year end
• D)(1)Throughout the year (2)Throughout the year

---

Definitions:

Personal Selling

A direct marketing approach where individual salespeople reach out to potential customers through face-to-face meetings, calls, or personalized messages.

Trade Sales Promotion

Marketing activities and incentives aimed at intermediaries such as wholesalers and retailers to encourage the stocking and promotion of a company’s products.

Retailers

Businesses that sell goods or services to consumers for personal or household use, acting as a final link between producers and consumers.

Allowance

A fixed amount of money given regularly, typically to a child by their parents, for personal spending or to cover specific personal expenses.