1. Describe the four steps performed by the auditor when obtaining
TASK1.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 theeffectiveness of internal controls over financial
reporting?Explain the difference in the requirements for reporting on the effectiveness of
internalcontrols over financial reporting for integrated audits versus financial statement–
only audi