Reference no: EM132788367

Porblem 1: The primary purpose for obtaining and understanding of an entity's internal control is to

Option 1: Determine the nature, timing and extent of tests to be performed in the audit.

Option 2: Obtain sufficient appropriate audit evidence from which to draw conclusion as a basis for forming an opinion on the financial statements.

Option 3: Test whether controls are suitable designed, implemented and operating effectively.

Option 4: Determine whether to accept or reject an audit engagement.