The 'Test of Controls' is performed when: MCQ with Answer and Explanation

Question Report Error

The 'Test of Controls' is performed when:

A. Never performed

B. Internal controls are weak

C. Auditor intends to rely on the entity's internal controls

D. No controls exist

Answer: Option C

Solution (By JKExamLibrary)

Test of controls evaluates the operating effectiveness of internal controls.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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The CAG's audit report on government accounts is submitted to:

A. Finance Minister

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Correct Answer: Option B

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The 'Agriculture' (Ind AS 41) requires biological assets to be measured at:

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Correct Answer: Option D

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