"Internal Controls"

Examine the importance of the audit committee oversight related to the  quality of the internal controls of an organization. Analyze the audit  committee’s responsibilities regarding risk assessment and internal  control monitoring. Indicate whether or not the audit committee is the  best to perform the function.  Contrast the opinion provided by the independent auditor concerning  management’s assessment of internal controls over the financial  reporting system with the audit opinion on the financial statements in  general. Argue for providing both a qualified opinion over the financial  reporting system and an unqualified opinion on the financial  statements.