1. Internal control can only provide reasonable assurance as there are inherent limitations within an entity's control structure. - Identify and describe three of these limitations. 5 marks 2. "The auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the auditor's opinion' - ASA 500 (ISA 500). - Identify the factors that may affect the sufficiency and appropriateness of audit evidence and briefly explain how they impact on these criteria. 5 marks 3. What audit strategy is the auditor likely to adopt if at the planning stage, control risk is assessed as less than high? (ch10) 5marks