$1.$ List in detail the various internal control weaknesses and weaknesses in the monitoring system that existed at the Knottyville Country Club.

$2.$ You are hired as an expert CPA to institute effective internal controls and monitoring systems at the Knottyville Country Club. What controls and monitoring systems would you recommend? List them in detail.

$3.$ The Knottyville Country Club wants to construct an $$8$ million addition to the clubhouse. They have approached ABC Bank. The bank required the Club to get an external audit done by a CPA firm for years $2005$ and $2006.$ You have been hired as the external auditor. Hint: Read SAS No$.99$ first.

A$.$List the risk factors $($red flags$)$ for asset misappropriation that are present in this case.

B$.$ What audit procedures would you perform to make sure that there was no embezzlement at the Club and that its financial position is fairly stated? List them in detail.