11. Professional auditing standards indicate that an entity's internal controls consist of five interrelated components. (a) What responsibility does an auditor have related to each of these five components? (b) One component of internal control is the entity's control environment. What factors should an auditor consider when evaluating the control environment?

12. Professional auditing standards recognize there is a possibility that management override occurred internal controls. (a) Provide an example where management override occurred in the Cendant fraud. (b) What are the required auditor responses to further address the risk of management override of internal controls?

15. (a) Why would a company want to hire a member of its external audit team? (b) If the client has hired former auditors, how might this affect the independence of the existing external auditors?