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Case Requirements Sophie Ewing assigned your team the following tasks: 1. For each ITGC area, identify the control issues and classify them as strengths or

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Case Requirements Sophie Ewing assigned your team the following tasks: 1. For each ITGC area, identify the control issues and classify them as strengths or weak nesses, using Exhibit 3 to document your work. Exhibit 3 will be part of the audit team's work papers. 2. Determine the level of risk (High, Medium, or Low) that you believe is present in each particular ITGC area. 3. Assess the overall risk of the organization's ITGCs, taking into consideration the ve separate risk assessments that you just made (task #2 above), and their relative impor tance to internal controls over FFC'S nancial reporting. 4. Prepare a report that documents and appropriately supports your overall IT risk as sessment (task #3), using the guidance Sophie provided in Exhibit 4. You must include a statement explicitly stating your overall risk assessment in the report's concluding section and attach your completed ITGCS matrix

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