As a First Time Auditor of a Small Company,what Will

Multiple Choice

As a first time auditor of a small company,what will be your strategy to obtain an understanding of internal controls of the company?

A) as the company is small,defer the procedure to understand internal controls until next year
B) conduct the procedure of understanding internal controls in the current year
C) rely on the verbal assurance from management that internal control exists
D) get the company employees to test the internal controls for you