Response to the following questions:
1. Describe the steps in obtaining an understanding of ICFR using a top-down, riskbased approach.
2. The period-end financial reporting process controls are always important. What are those controls, why are they important, and what should the auditor's evaluation of those controls include?
3. A walkthrough involves tracing a transaction through the information system. What types of evidence can an auditor obtain by performing a walkthrough?