FINAL ASSESSMENT When might we add a team member with specialized skills or knowledge in IT? when completing an audit engagement when the IT environment is complex When the financial statements are prepared using commercially available software when the entity does not have a dedicated IT department FINAL ASSESSMENT What is the role of an operating system? store data used by IT applications transmit data and share information manage communications between hardware, IT applications and other software establish a layer of logical security FINAL ASSESSMENT IT poses specific risks to an entity's internal control. Which two of the answers below are examples of such risks? misappropriation of physical inventory unauthorized changes to data in master files system access privileges beyond those necessary to perform assigned duties increased opportunities for controls to be circumvented enhanced analysis of information is possible