In an Audit of Financial Statements of a Private Company

Multiple Choice

In an audit of financial statements of a private company in accordance with generally accepted auditing standards,an auditor is required to

A) Identify specific internal control activities relevant to management's financial statement assertions.
B) Perform tests of controls to evaluate the effectiveness of the entity's accounting system.
C) Determine whether procedures are suitably designed to prevent or detect material misstatements.
D) Document the auditor's understanding of the entity's internal control.