( 1 ) In your opinion , call the controls over this crucial business process be reliedUpon ? Why or why not ? ( assume a 95%6 confidence level and a tolerable*deviation rate of 9%6 per Table 8 - 5, P. 277; compare to upper deviation rate perTable 8- 8, P. 284 )( 2 ) As mentioned in the introduction , would you consider these deviations torepresent a Material weakness or significant deficiency ? Why or why not ? ( assume*"materiality ' is defined as 3 - 796 of NIBI and 0. 5 - 1. 5% of total assets andrevenues( 3 ) What recommendations for strengthening internal controls would you suggest ?"( 4 ) What additional information might current , audited financial statements for thetwo questionable business loans potentially provide ( see footnote $ 4 ) ?)