Most Audits of a Company Are Done Annually by the Same

Multiple Choice

Most audits of a company are done annually by the same audit firm. Except for initial engagements, the auditor begins the audit with a great deal of information about the client's internal controls developed in prior years. Because systems and controls usually don't change frequently:

A) it eases the burden on the auditor's requirement to do a complete study of the controls this year.
B) it is sufficient for the auditor just to inquire of the client whether the controls have been changed since last year.
C) the auditor can skip the evaluation of this area on repeat engagements.
D) this information can be updated and carried forward to the current year's audit.