QUESTION 1 (CLO 1) Many government and not-for-profit (NFP) organizations require an audit. And since the fiscal year end for many of these organizations is something other than Dec. 31, this type of service presents an opportunity for CPA firms to shift work outside of the traditional busy season. Additionally, these engagements provide audit staff with fresh experiences and industry exposure. The benefits of providing audit services to government and NFP organizations are numerous, yet they may present unforeseen professional liability risks for firms without the necessary knowledge and expertise in these specialized areas. a) What are the issues and the challenges that auditors faced when auditing the government organizations (25 Marks) b) ISA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment describes the five components of an entity's internal control. Required: Explain with examples the FIVE (5) components of a public sector's internal control