For this section, three auditors have completed the planning process and determined the following broad audit plans for their clients.

Evaluate each of the auditors plans. Based on the plan, what has the auditor assessed regarding control risk? Your response for each column will be high, medium or low.

High risk that internal controls won't detect material misstatements.

Medium risk that internal controls won't detect material misstatements.

Low risk that internal controls won't detect material misstatements.

Broad Audit Plan	Has the auditor assessed high, medium or low risk that internal controls will fail to detect misstatements?
The auditor plans to test the clients internal control system for a variety of attributes related to financial statement assertions. The results of these tests will be augmented by analytical procedures testing. With the exception of the analytical tests, very few substantive tests are planned.	Choose an item.
The auditor plans to perform a walkthrough of the major transaction cycles as the ONLY testing of internal control. In addition, the auditor plans to gather a substantial amount of external evidence as of the year-end balance sheet date, in addition to performing analytical tests.	Choose an item.
The auditor plans to perform tests of controls related to financial statement assertions, as well as perform a moderate amount of substantive tests, as of an interim date. The results of substantive tests will be rolled forward to year-end. Analytical procedures are also included in the plan.	Choose an item.

Of the three broad audit plans above, which one would you choose for SG Catering and why? Please state the plan letter (a, b or c) and then provide about 3 sentences of explanation.