1. What is an independent CPA audit? Why is it needed?

2. What is GAAS? How is it used in an audit?

3. Name and describe five types of audit.

4. What is internal audit and what it's purpose?

5. What is the relationship between internal audit and internal controls?

6. What is the relationship between the external audit and the stock market?

7. What is the expected relationship between external auditors and internal auditors?

8. Which is more powerful, the internal auditor or the external auditor?

9. Which has more potential liability, internal auditor or external auditor, and why?

10. Would you rather be an internal or external auditor?

Answer rating: 100% (QA)

1 Introduction Ordinarily an audit refers to the systematic evaluation of books of accounts records vouchers and any other relevant organizations financial document They are used to confirm the status ... View the full answer