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FinnZ [79.3K]
3 years ago
15

The purpose of tests of controls is to provide reasonable assurance that ____.

Social Studies
1 answer:
Anit [1.1K]3 years ago
7 0

Answer:

b.

Explanation:

The purpose of tests of controls is to provide reasonable assurance that internal control procedures are functioning as intended. There are seven internal control procedures that need to be functioning correctly, these are the following.

  • separation of duties
  • access controls
  • physical audits
  • standardized documentation
  • trial balances
  • periodic reconciliations
  • approval authority

The tests of control make sure that no problems arise during each and every one of these procedures in order for everything to run smoothly and legally.

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