In obtaining an understanding of the entity and its environment, including its internal control, an auditor is required to obtain knowledge about the:

In obtaining an understanding of the entity and its environment, including its internal control, an auditor is required to obtain knowledge about the: Design of relevant internal controls pertaining to financial reporting in each of the five internal control components. Effectiveness of the internal controls that have been placed in operation. Consistency with which the internal controls are currently being applied. Controls related to each principal transaction class and account balance