Which of the following controls are designed to prevent misstatements from happening (prevent controls) and / or detect and correct misstatements on a timely basis (detect controls)? A. Internal controls B. External controls C. Entity-level controls D. Transaction-level controls The two levels of internal control are A. entity-level controls and transaction-level controls B. entity-level controls C. transaction-level controls D. transaction-level and auditor-level controls Transaction-level controls are A. implemented by businesses to reduce the risk of misstatement due to error or fraud, and to ensure that business processes are operating effectively B. implemented by the auditors to reduce the risk of misstatement due to error or fraud, and to ensure that business processes are operating effectively C. the same as entity-level controls D. tested by the internal auditors Prevention controls are those applied A. at both the entity and transaction levels B. at the transaction level only C. to each transaction during normal processing and are intended to stop fraud or errors from occurring D. to each entity during normal processing and are intended to stop fraud or errors from occurring If an existing customer number is taken from a former customer that no longer does business with the company and is assigned to a new customer, A. this may cause problems with the underlying data analysis B. then no problems should occur and the testing should be straightforward C. this should not complicate or cause issues with the data analysis D. the auditors should generate a new customer number and assign it to the old customer