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    Business
  3. Study Set
    Auditing and Assurance
  4. Exam
    Exam 7: Internal Control, Understanding the Clients Internal Control Over Financial Reporting and Auditing Design Effectiveness
  5. Question
    If a Company's System of ICFR Is Effective, Auditors Can
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If a Company's System of ICFR Is Effective, Auditors Can

Question 12

Question 12

True/False

If a company's system of ICFR is effective, auditors can rely upon the evidence that is produced by the system to reduce the extent of substantive testing on the audit.

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