(2) Question 1 (32 Marks) a) Define the term Auditing b) What is the main objective of an audit c) Outline and explain the general ethical principles governing the auditor's professional responsibilities d) What are the distinction between external auditors and internal auditors? (15) (12) Question 2 (26 Marks) The objective of the auditor is to plan the audit so that it will be performed in an effective manner. ISA 300-planning audit financial statements. 1. What is an audit programme and when Is It complied? 2. What is the relationship between audit planning and audit risk? 3. Audit planning is broken down into several stages name them 4. What is a significant risk and when ts significant risk identified? (8) (10) 8