Steve and Anna, two recent college graduates are meeting up for coffee as they have both been hired by the same accounting firm. On of the topics of conversation is the concept of internal control. Steve explains to Anna that he is not fully sure what internal control really means, and why it would be important to an audit. Select all choices that correctly define and explain internal control? (Select all that apply.) 0 Internal control is a process controlled by the client's external audit function, and under the control of the client's board of directors. Internal control helps to provide reasonable assurance to firm stakeholders pertaining to the company achieving its goals and mission etc. Internal control helps a company achieve its stated goals and objectives, and should help the firm to run more efficiently. In order for an external auditor to understand a client's system of internal control, they must first gain an understanding of the client's control risk