$1-1($Objective $1-1)$ What are the information and established criteria for the audit of Jones Company$$s tax return by an internal revenue agent? What are they for the audit of Jones Company$$s financial statements by a CPA firm?

$1-2($Objective $1-2)$ In the conduct of audits of financial statements, it would be a serious breach of responsibility if the auditor did not thoroughly understand accounting. However, many competent accountants do not have an understanding of the auditing process. What causes this difference?

$1-3($Objective $1-3)$ Discuss changes in accounting and business operations over the last decade that have increased the need for independent audits.

$1-4($Objective $1-3)$ Distinguish among the following three factors impacting a loan interest rate: risk$-$free interest rate, business risk, and information risk. Which one or ones does the auditor reduce by performing an audit?

$1-5($Objective $1-4)$ Identify the three main ways information risk can be reduced. What are the advantages and disadvantages of each?

$1-6($Objective $1-4)$ Explain how the increased use of fair value accounting might increase information risk.

$1-7($Objective $1-5)$ Explain audit services, attestation services, and assurance services, and give examples of each.

$1-8($Objective $1-5)$ Why might an organization seek the assurance of a CPA about information presented in the organization$$s corporate sustainability report?

$1-9($Objectives $1-1,1-7)$ Describe the nature of the evidence the internal revenue agent will use in the audit of Jones Company$$s tax return.

$1-10($Objectives $1-6,1-7)$ List five examples of specific operational audits that can be conducted by an internal auditor in a manufacturing company.

$1-11($Objectives $1-5,1-6)$ What knowledge does the auditor need about the client$$s business in an audit of historical financial statements? Explain how this knowledge may be useful in performing other assurance or consulting services for the client.

$1-12($Objective $1-8)$ Identify the four parts of the Uniform CPA Examination prior to and after January $2024.$