For each statement, indicate whether you AGREE or DISAGREE [ mark each] and EXPLAIN your reasoning [1 mark each] [5 statements for 10 total marks]. Please answer in the space provided. STATEMENT: According to generally accepted auditing standards, an auditor must obtain a basic understanding of an organizations control environment, as well as accounting and control systems in all audits. However, tests of control need only be performed when there are serious weaknesses in the design of accounting and control systems.