Question

In a financial statement audit performed following AICPA Professional Standards, how frequently must an auditor test operating effectiveness of controls that appear to function as they have in past years and on which the auditor wishes to rely upon in the current year?

A. Monthly.B. Each audit.C. At least every second audit.D. At least every third audit.

Answer 1

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Step-by-step explanation:

Answer 2

Answer: The correct answer is "B. Each audit.".

Explanation: An auditor must prove the operational effectiveness of the controls that appear to function as they have in recent years and which the auditor wishes to rely on in the current year for each audit.