Problem:
Which of the following statements best describes the difference between test of details and test of the operating effectiveness of controls? Group of answer choices Tests of details provide reasonable assurance that financial statements are not materially misstated while tests of the operating effectiveness of controls provide an assessment about the extent to which controls are operating effectively Tests of details are focused on the financial statement numbers, while tests of controls for operating effectiveness are focused on the mechanisms that produce those numbers Both A & B None of these