1. Describe the three broad objectives management has when designing effective internal control.\ 2. Section 404(a) of Sarbanes-Oxley Act requires management to issue a report on internal control over\ financial reporting. Identify the specific Section 404(a) reporting requirements for management.\ 3. What is the relationship among the five components of internal control?\ 4. The separation of operational responsibility from record keeping is meant to prevent different types of\ misstatements than the separation of the custody of assets from accounting. Explain the difference in the\ purposes of these two types of separation of duties.