Explain the differences between an audit of internal controls as required by PCAOB AS 2201 and the

Question:

Explain the differences between an audit of internal controls as required by PCAOB AS 2201 and the testing of internal controls for the purposes of expressing an opinion on the financial statements as mandated by AU-C 315. Refer to the standards in your answer.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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