Think About the Auditor's Role in the Internal Control Process

Think about the auditor's role in the internal control process for an audit client.a.Distinguish between internal controls at the entity level and internal controls at the transaction level.Explain the difference between these two types of internal controls and provide an example of each.b.Explain the auditor's responsibility regarding the client's internal controls.c.Describe when internal controls are assessed and tested in the overall audit process.d.How is the evidence from internal control assessment and testing used by the auditor?