1. Which are the types of audit procedures used by auditors to obtain evidence?

2. When are analytical procedures performed during the audit?

3. Mention and briefly explain the different stages and tasks performed during the financial statements audit.

4. Define internal control components and provide examples.

5. Mention the transaction cycles and the different process performed in each one.

6. Define and contrast the following documents:

Engagement letter

Representation letter

Letter of inquiry

7. Mention the major differences between the audit report issued for public vs. nonpublic clients.