Wells Fargo

  - Identify the different types or classes of internal controls. How do internal controls over financial reporting (ICFR) differ from the other types or classes of internal controls? -Do you agree with KPMG’s position that Wells Fargo’s improper sales practices did not involve the company’s ICFR? Defend your answer. -How does the AICPA’s Auditing Standards Board define a material weakness in internal control? How does the PCAOB define a material weakness in iCFR? What factors should auditors consider in deciding whether an ICFR deficiency qualifies as a material weakness in ICFR?