Match the following items with their related statements below:

a. Internal control

b. A need of internal control

c. Management’s responsibility

d. Independent accountant’s audit

________ 1. Evaluates management’s assessment of internal control over financial reporting

________ 2. A process that establishes reliability of account records and financial statements in accordance with GAAP

________ 3. Many assets such as cash and inventories are at risk of loss

________ 4. Establishes a system of internal control and assesses its effectiveness