Examine the importance of the audit committee oversight related to the quality of the internal controls of an organization.

 ANSWER DOESNT HAVE TO BE VERY LONG

• 1.Examine  the importance of the audit committee oversight related to the quality  of the internal controls of an organization. Analyze the audit  committee’s responsibilities regarding risk assessment and internal  control monitoring. Indicate whether the audit committee is the best  entity to perform the function.
• 2.Contrast  the opinion provided by the independent auditor concerning management’s  assessment of internal controls over the financial reporting system  with the audit opinion on the financial statements in general. Argue for  providing both a qualified opinion over the financial reporting system  and an unqualified opinion on the financial statements.

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