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Jones CPA Firm is currently completing the audit of Smith & Co. LLC, a national retailer of carpet and underlay products in both the domestic

Jones CPA Firm is currently completing the audit of Smith & Co. LLC, a national retailer of carpet and underlay products in both the domestic and commercial markets in the United States. Upon completion of the testing of internal controls over cash, Jones has noted several weaknesses in this area. As a result, which of the following might Jones decide to adopt? O Jones CPA Firm is likely to request the internal auditors perform substantive testing and further tests of controls to see if the same conclusion is reached. O Jones CPA Firm may decide to assess control risk as high and perform increased substantive testing to compensate for this. O Jones CPA Firm may decide to request extra written assurances from management in this area to help indemnify the auditors against any future litigation. O Jones CPA Firm may decide to adopt a reliance strategy, which will mean decrease substantive testing in this area

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