Alex is the owner of the British Company Tobacco company. He asked the accounting firm Adderson & Partners, led by Anderson, who was a close friend of Alex's brother, to audit the British Company Tobacco. The purpose of this audit report is used as a condition for applying for credit to HSBC Bank. Anderson assigned 3 of his students as assistants to test the accuracy of calculations on accounting records. In this case, Anderson was asked without having to understand his internal control, with the reason that the audit report was needed immediately. Alex asked Anderson to submit an audit report within 3 weeks of the assignment, accompanied by a forecast financial report for the next 3 to 4 years. Anderson accepts the assignment and demands payment of 30 million + 12% of the loan received from HSBC Bank if obtained. Both parties agreed to the assignment without making a letter of agreement. And finally, based on his assistant's report, Anderson prepared an audit report with an unqualified opinion without mentioning compliance with generally accepted accounting principles. Questions: In that case, Anderson was asked to ignore internal control in his assignment. In your opinion, how significant is understanding internal control to audit work and what impact will it have on the audit report, in the case above? The word count for this question (mandatory) is at least 700 words (LO1) (20%).