1.6k views
0 votes
Testing of internal controls is typically conducted _______.

1) during an interim period
2) at the balance sheet date
3) after the balance sheet date
4) upon issuance of the audit report

1 Answer

4 votes

Final answer:

Testing of internal controls is typically conducted at the balance sheet date.

Step-by-step explanation:

Testing of internal controls is typically conducted at the balance sheet date. This allows auditors to assess the effectiveness of controls and their impact on financial statement balances.

User Shod
by
8.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories