Following Are Procedures Used by Auditors to Understand Likely Sources

Multiple Choice

Following are procedures used by auditors to understand likely sources of misstatements:
I. Identify controls that management has implemented to address potential misstatements.
II. Identify points within the process at which misstatements could arise.
III. Understand the flow of transactions.
The proper sequence of these steps is:

A) I, II, III.
B) III, II, I.
C) I, III, II.
D) III, I, II.