1: Explain what is audit and describe the main objective of audit. 

Question 2: With respect to an entity's financial statements, describe both the responsibility of management and that of the auditor. 

Question 3: List the various types of auditors and describe their respective roles in a sentence or two each. 

Question 4: Briefly describe the four categories of Principles Underlying an Audit Conducted in Accordance with Generally Accepted Auditing Standards 

Question 5: Briefly discuss the 10 Generally Accepted Auditing Standards. 

Question 6: Briefly discuss the different threats to the independence of an auditor.

Answer rating: 100% (QA)

Q1 Audit is an independent examination of financial statements of an organization to make sure that the records are a fair and accurate representation of the transactions they purport to represent The ... View the full answer