Che Required information An Audit of Internal Control Over Financial Reporting Read the overview below and complete the activities that follow. The auditors' objective in an audit of internal control is to express an opinion on the company's Internal control over its financial reporting. To meet this objective, an auditor must plan and perform the audit and obtain reasonable assurance. A properly planned audit does this in five distinct stages. CONCEPT REVIEW: A properly planned audit to report on internal control consists of the following five stages: 1) Plan the engagement 21 Use a top-down approach to identify controls to test; 3) Test and evaluate design effectiveness of internal control; 4) Test and evaluate operating effectiveness of internal control; and 5) Form an opinion on the effectiveness of internal control. Put the following planning steps of the audit of internal control over financial reporting in the correct order. Test and evaluate operating efectiveness Test and evaluate design effectiveness Management's report on Internal control Forman opinion on the effectiveness of internal control Overnancial reporting Issue auditors' attestation report Plan the engagement Use a top- down approach to identify controls to test evaluate operating effectiveness of internal control; and 5) Form an opinion on the effectiveness of internal control. Put the following planning steps of the audit of internal control over financial reporting in the correct order. Test and evaluate operating effectiveness Test and evaluate design effectiveness Management's report on Internal control Form an opinion on the effectiveness of internal control over financial reporting Issue auditors' attestation report Plan the engagement Use a top- down approach to identify controls to test Reset