Suppose you are auditing a small publicly traded company which is not an accelerated filer. Suppose further that you quickly discover that company has zero internal controls on account of $1$ person $($Bob$)$ is doing everything solo.

In this situation, will you proceed to do internal control testing? No partial credit given for simply saying "Yes" or $"$No$"-$ must justify your rationale.Suppose you are auditing a small publicly traded company which is not an accelerated filer. Suppose further that you quickly discover that company has zero internal controls on account of $1$ person $($Bob$)$ is doing everything solo.

In this situation, will you proceed to do internal control testing? No partial credit given for simply saying "Yes" or $"$No$"-$ must justify your rationale.