ICFR Tests to Provide Evidence on Whether the Controls Can

Multiple Choice

ICFR tests to provide evidence on whether the controls can be relied upon for the financial statement audit can be performed

A) only during year-end because they must be performed at the same time as financial statement audit procedures.
B) only during interim because they must be performed at the same time as financial statement audit procedures.
C) at any time the evidence is available, as long as the entire period of reliance is evaluated.
D) at any time after the substantive procedures have been completed, so that the opinion on financial statement misstatements is not superceded by the opinion on the effectiveness of controls.