Payroll Data Co$.($PDC$)$ processes payroll transactions for a retailer. Cook, CPA, is engaged to express an opinion on management's description of PDC$\text{'}$s system and suitability of the design of controls. PDC$\text{'}$s system is relevant to the retailer's internal control, so Cook's report may be useful in providing the retailer's independent auditor with information necessary to plan a financial statement audit. Cook's report should:

identify PDC$\text{'}$s controls relevant to specific financial statement assertions.

identify the controls that were tested to obtain reasonable assurance that PDC$\text{'}$s controls were operating effectively.

contain a disclaimer of opinion on the operating effectiveness of PDC$\text{'}$s controls.

disclose Cook's assessed level of control risk for PDC$.$