audit course

answer the question ASAP please

Question 2 (30 Points) As the auditor of the Macintosh Company, you observed three issues that company's internal controls violate the internal control objectives or components: 1. Production depends on imported goods and foreign exchange is too volatile, management does not see the situation as a concern. 2. Internal controls fail to detect material misstatements about the revenue recognition. 3. Board of directors never joined the meetings of revising the internal controls. Required: For each issue, i. Identify the objective or component that was violated. (3 point per issue) ii. How can top management resolve these issues? Explain with your own examples. (7 points per issue)