Which of the following parties provides an assessment of the effectiveness of internal control over financial reporting.

1. CEO and Audit committee

2. Management and external auditor.

3. Audit committee and compensation committee.

4. the CFO and the independent auditors.

6. Professional skepticism involves questioning mind and experience of reading the body language
   1. True
   2. False

8. One of the indicators to update the risk assessment is problematic or unusual relationships between the auditor and management

   1. True
   2. False