TASK
1.Describe the four steps performed by the auditor when obtaining an understanding of internal control and assessing control risk.
2. What is the purpose of a control risk matrix?
3. What four types of procedures are used by auditors to test whether internal controls are operating effectively.
Why are the financial statement audit findings relevant to the auditor’s opinion on the
effectiveness of internal controls over financial reporting?
Explain the difference in the requirements for reporting on the effectiveness of internal
controls over financial reporting for integrated audits versus financial statement–only audi
