Required

In accordance with paragraphs $\mathrm{.}05-\mathrm{.}07$ of PCAOB AS $2410($formerly PCAOB AS $18),$ auditors are required to inquire of the audit committee, management, and others in the company regarding their knowledge of related parties and relationships and transactions with related parties. Use SSM$\text{'}$s organizational chart in the appendix below as a resource to identify others in the company who you would consider asking about such knowledge. Explain your rationale for selecting these individuals.

Are management's processes and controls over related parties and over relatedparty relationships and transactions sufficient? Why or why not?

Given the need for management to identify, authorize and approve, and account for and disclose its related parties and its relationships and transactions with related parties, what are the types of processes and control activities that management should consider?

Given the requirement in paragraph $.14$ of PCAOB AS $2410($formerly PCAOB AS $18),$ what procedures would you perform to test the accuracy and completeness of the related$-$parties listing and of relationships and transactions with related parties?

What would be the implications on the audit if an undisclosed related$-$party transaction was identified during the completion of audit testing?