a. Describe three reasons why auditors consider a client's internal control when performing the audit 1. 1.

2.

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b. Even the best internal control has certain limitations. Identify and explain two of those limitations.

1.

2.

c. An audit clients population of accounts payable is $1,350,000. After testing a sample from this account, the auditor did not find any misstatements. As a result, the auditor concluded that the account payable is not materially misstated. Does this mean that Accounts payable does not contain any misstatement? Explain

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d. Who cares about sampling? Why dont we just select a bunch of invoices to test from the pile and test those?