As an auditor, the ability to transcribe formalized or narrative processes into functional workflows allows you to identify potential gaps in accounting systems.These gaps can result in material audit findings necessitating changes in the company control structure.For Milestone Two, prepare an analysis of Trinity Industries’ first year of Sarbanes–Oxley (SOX) compliance. The vice president (VP) and chief audit executive described the company as a likely candidate for a material weakness in the first year of SOX compliance. What were the elements critical to the company’s decisive success in its first year of compliance? Define a material weakness and explain the material weaknesses that are specific to Trinity. Describe the factors that made Trinity a success by illustrating the flow processes of the organization both in a narrative and process flowchart. This flowchart will be used to identify gaps and other threats to potential audit weaknesses.Prompt: Formulate your processes into a comprehensive flowchart that will be used to identify gaps in processes and other threats to potential auditweaknesses.Specifically, the following critical elements must be addressed:II.First Year of SOX Compliancea) The VP and chief audit executive described the company as a likely candidate for a material weakness in the first year of SOX compliance. Whatwere the elements critical to the company’s decisive success in its first year of compliance?b) What internal controls are important for preparing accurate and reliable financial reports? Support your response using both examples providedin the case study, as well as research into accounting standards (i.e., Public Company Accounting Oversight Board [PCAOB]).c) Define, using support from accounting standards or other empirical evidence, what a material weakness is in terms of SOX compliance.d) Assess, through reflection on the case study as well as the comparable industries identified in the overview, what material weaknesses arespecific to Trinity.e) Articulate standards addressed in PCAOB regarding the concept of material weaknesses in development of internal control compliance. Ensurethat you demonstrate the requirements of SOX from inception in 2002.f) Describe the factors that made Trinity successful by illustrating the flow processes of the organization both in a narrative and process flowchart.