Samson Industries manufactures and sells component engine parts for large industrial equipment. The company employs over 1,000 workers for three (3) shifts, and most employees work overtime when necessary. Samson has had a major growth in its production, and has purchase a mainframe computer to handle order processing, inventory management, production planning, distribution operation, and accounting applications. Enan Flores, president of the company, suspects that there may be internal control weeknesses due to quick implementation of the computer system. As the internal auditor of the company, Enan task you to audit the internal control of the new computer system. You accepted the said task and performed the audit, knowing that you do not have the necessary skills and proficiency about the new system.

REQUIRED: In no more than five (5) sentences, discss the standard you violated and the necessary actions that yous should take to adress them.

2. You are part of the audit management of Velasco Corporation (VC). One of the responsibilities of an auditor that was set out in VC's internal audit charter is to ensure that collectively, Internal audit possesses or obtains the knowlege, skills, and other competencies needed to meet the requirements of the audit charter.

REQUIRED: In no more than five (5) sentences, discuss the necessary actions that you should take to meet such responsibility.