Required: 1. What are the key considerations when evaluating the design of internal controls in conjunction with a financial statement audit? 2. What are the key considerations when testing of the operating effectiveness of internal controls in conjunction with a financial statement audit? 3. What are the key considerations when formulating a definition of professional skepticism? CHG 4. Does the Controller's failure to adequately review the Vendor Change Form represent a deficiency in the design or operating effectiveness of the control? 5. What are the key considerations when evaluating the severity of a deficiency in a control that directly addresses a risk of material misstatement? 6. Is the failure in the vendor request change form control indicative of a material weakness in internal control over financial reporting? 7. What are the key considerations in determining what additional audit evidence to obtain about controls operating during the roll-forward period? 8. For each of the three revenue risks identified by the engagement team, address the following: a. Was the engagement team's assessment of the evaluation of the design of each control appropriate (i.e., does the control identified by the team address the specific risk of material misstatement and associated assertion)? b. Was the engagement team's assessment of the risk associated with each control appropriate? c. Was the team's interim planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control? d. Was the team's roll-forward planned procedures to test the operating effectiveness of each control appropriate considering the risk associated with the control