55. You are performing an audit on North South Natural Gas (NSNG). Alana, an NSNG employee, has

responsibility for reconciling bank statements with the company's cash records. You determine, however, that

Alana has never been taught how to reconcile statements. In effect, the statements have not been properly

reconciled for two years.

1-How would you judge the significance of this control deficiency?

2- what steps would you take to assess whether this event leads to an insignificant deficiency , significant deficiency or a material weakness ?

3- what insignificant deficiency , significant deficiency , and material weakness are ?