Which of the following activities should an auditor perform to obtain sufficient knowledge of the information system as it relates to financial reporting?
A.
Inquire of internal audit personnel as to the likelihood of material misstatements.
B.
Understand the financial reporting process used to prepare financial statements, excluding significant accounting estimates.
C.
Inquire of management about business risks to identify, analyze, and manage risks that affect the entity's objectives.
D.
Understand the related electronic records and specific accounts involved in initiating, authorizing, recording, processing, and reporting transactions.