In a conference addressing the importance and the need for internally auditing business entities that may include not-for-profit organizations, government organizations, and publicly and privately held businesses/corporations, the attendees raised several topics/issues: 1)The need for, and the cost/benefit analysis of the external audit (the CPA audit) and the internal audit show that they overlap needlessly 2)The arguments were raised also as to why a business entity should have both types of audits (internal versus external)? Is it a legal requirement? or just good business practices? 3)Several attendees used their bad experience with auditors to argue the lack of necessity for auditing in general as long as the business owners trust the officers and employees of the business. 4)Others addressed the nationwide need to define the qualifications of the "good auditor" before he/she steps in the field and performs audit. 5)Another group empathizes the need to teach the auditors the proper behavioral and communication skills before they enter the field of auditing You are required to search the above listed five points and develop arguments for and arguments against each point. Your input must be closed by a section titled "My Opinion" to summarize your understanding of the subject matter and personal opinion, lack thereof will decrease your earned points