Question: Why would controls be tested for the whole period being audited?

Why would controls be tested for the whole period being audited?

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Controls must be tested over the whole period under audit because controls affect the transactions recorded over the whole period that result in the final periodend account balances In the case of audited general purpose financial statements the conclusions about whether controls operated effectively will apply to the whole period under audit If a control breakdown occurred for one month in the middle of the year the transaction ... View full answer

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