What must an auditor's test of controls include?

In the context of an auditor's test of controls, it is vital that there is an accurate description of the test of control performed. This component is essential because it provides clarity on the specific procedures undertaken to assess the effectiveness of internal controls in place. An accurate description enables both the auditor and other stakeholders to understand how the tests were executed, what evidence was gathered, and the conclusions drawn from those tests. It serves as documented evidence that can be reviewed and evaluated as part of the overall audit process.

Additionally, the details about the test help to establish the reliability of the findings and support the overall audit opinion. This documentation is crucial in maintaining transparency and consistency in the audit process, as it allows for a clear understanding of how the auditor has assessed control risks and the adequacy of the controls themselves. Other options, like summarizing financial statements or making future projections, do not align with the core requirements of a test of controls and do not provide the necessary context or details about the internal controls being assessed.