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Ken, an audit manager assigned to the audit of Parkside LLC is discussing internal control with a new staff associal keen to learn more about internal control and how effective it may or may not be$.$ Which of the following respons best help Sandra?

Even with a robust system of internal control, there is still the possibility of misstatements due to mane ineffective controls.

The audit of internal control is typically very expensive during the first year's integrated audit, but th less in future audits as the external auditor only performs minimal checks thereafter.

So long as a client's system of internal control is designed properly and approved by the external as concern of any misstatements in the financial statements.

Overall responsibility of a client's system of internal control falls upon the internal audit function an internal audit function, responsibility falls upon the audit committee.

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