3. Your rm has been appointed to audit the nancial statements of Rene Bhd. A public listed retailing company. Before assessing control risk. you are required to obtain an understanding of Rene's control environment. Required: a. identify additional control environment factors that set the tone of an organization, inuencing the control consciousness of its people. b. For each control environment factor identied in part (a), describe the factors using the following format : Integrity and Ethical Values The effectiveness of controls cannot rise above the integrity and ethical vaiues of the people, who create, administer and monitor them. integrity and ethical values are essential elements of the control environment, affecting the design, administration and monitoring of the internal control system. Integrity and ethical behavior is the product of the entity's ethical and behavioral standards, how they are communicated and how they are reinforced in practice