Required Please read all of the requirements carefully and make sure your paper addresses each item. It would be helprl for your own use to develop a highlevel process map. This assignment is to be completed using only the materials authorized for use in this class. A rough guideline to adequately complete the assignment is 56 singlespaced pages. If you have any questions as to what is expected, please contact the instructor. 1. If you were part of the audit team, what additional questions would you ask to gather more audit evidence? You need to focus on what is most important to this case. You must come up with at least 15 relevant questions. You must have some questions for each of the five areas: receiving, loom teardowns, customer orders, disposal of residues and scrap metal, and administration of the loom reclamation program. You must indicate what you hope to learn from each question (i.e., what is the intent of the question?) and to whom the question would be addressed. 2. Identify your top four internal control weaknesses in order of materiality in each the following five areas: receiving, loom teardowns, customer orders, disposal of residues and scrap metal, and administration of the loom reclamation program. Please make sure you address the most important control weaknesses. 3. For each observation identified in #2, write your recommendation(s) to strengthen internal controls over the loom reclamation program. Make sure each recommendation is clearly associated with an observation(s) from #1. One recommendation can cover several intemal control weaknesses. 4. In your opinion, has a fraud been perpetrated? If so, what evidence supports the allegation? Is it firm enough to convict the person(s) in court? Please explain the rationale for your conclusions