should be minimum 2000 words based on the attached instructions1. According to PCAOB Auditing Standard (AS 2201) (https://pcaobus.org/Standards/Auditing/Pages/AS2201.aspx), what factors should auditors consider when evaluating the severity of a deficiency in a control that directly addresses a risk of material misstatement?2. PCAOB AS 2201 distinguishes the difference between a deficiency in design and a deficiency in operation. Does the Assistant Controller’s failure to adequately review the Vendor Change Form represent a deficiency in the design or operating effectiveness of the control?3. Based on guidance in AS 2201, determine if the failure in the vendor request change form control indicative of a material weakness in internal control over financial reporting.4. SEC Regulation S-K requires that management provide a report on a registrant’s ICFR in the company’s Form 10-K. Assuming the company and the auditor concluded that this internal control failure indicates a material weakness in internal control, what information would the company be expected to disclose?5. In light of the identified deficiency, auditors should consider a possibility that the deficiency may have an impact on other controls, and/or the similar problem may exist in other controls. What implications does the failure to adequately review the Vendor Change Form have on other controls?

InstructionsFor this short response paper, you will address your own knowledge of communication, which is necessary for successful leadership and human relations across the business environment. Please see grading rubric and self assessment scores below.

Application: Virtual City: Revitalizing Masachapa ProjectThis week, you are to develop an initial agreement for the Revitalizing Masachapa Project. The initial agreement design should identify the following: Who owns the process, who should be involved in the process, what should be contained in the initial agreement, what should be the process design and action guidelines for each of the phases of the project, and what are the clear and attainable expectations and goals for the project.To prepare for this Assignment:Review Week 3 information in the Virtual City: Revitalizing Masachapa Project multimedia.Review Chapter 3 in Bryson (2013).Building on the Strategy Change Cycle discussed in Chapter 2 (Bryson, 2018), consider the importance of the initial agreement in the RMP planning process.The Assignment (3–4 pages):Develop an initial agreement for the Revitalizing Masachapa Project (RMP) that includes the following:The purpose of the strategic planning effort for the RMPThe project’s owners, or championsThe key stakeholders involvedThe steps to be followed during the processThe logistics, timing, resource commitments, and other key requirements for a successful effortSupport your Application Assignment with specific references to all resources used in its preparation. Use APA style for this and all assignments.Resources to use itReadings Bryson, J. M. (2018). Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement (5th ed.). Hoboken, NJ: John Wiley & Sons, Inc.Chapter 3, “Initiating and Agreeing on a Strategic Planning Process” (pp. 77-112)MediaLaureate Education (Producer). (2014). Virtual city: Revitalizing Masachapa Project [Multimedia file]. Baltimore, MD: Author.Please click on the following link for the transcript: Program Transcript (PDF)As you review the Week 3 information in the Virtual City, consider what is needed to develop an initial agreement for the Revitalizing Masachapa Project. Focus on the factors that may impact the initial agreement, such as the relationship between Masachapa’s local government officials and key external stakeholders.