Once auditors determine that entity level controls are designed and placed in the$$ operation, they

Question content area bottom

Part $1$

A$.$

obtain an understanding of the design and implementation of system of internal control.

B$.$

make a preliminary assessment of control risk.

C$.$

prepare audit documentation in order to express their opinion on the$$ company's internal control system.

D$.$

make a preliminary assessment for each

transactionminus$$related

audit objective for each major type of transaction.