At What Stage During the Audit Is the Existence of Internal

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The Answer is The existence of internal control will usually be tested during the control risk assessment stage.Types of testing the auditor would undertake in evaluating the existence of an internal control include inquiries of entity personnel, inspection of documents and reports, and observation of the application of specific internal control policies and procedures, including walk-throughs.
Tests of the effectiveness and continuity of controls (commonly called operating effectiveness) are undertaken as a test of the controls that are expected to be relied upon.

At What Stage During the Audit Is the Existence of Internal

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At What Stage During the Audit Is the Existence of Internal

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Correct Answer:
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