Based on the General Motors,

$1.$ Auditing standards don't specifically discuss the audit procedures that should be applied to a client's pension$-$related financial statement amounts. Identify five audit procedures that would be relevant to those items. For each audit procedure that you list, identify the related audit objective.

$2.$ What do professional auditing standards suggest is the objective that auditors hope to accomplish by retaining an outside completing an engagement? How could an expert be useful pension$-$related financial statement items?

$3.$ Do you believe that Deloitte behaved properly by accepting GM$\text{'}$s decision to apply a $6\mathrm{.}25$ percent discount rate to its pension liabilities? What, if any, other steps, or measures should Deloitte have taken under the circumstances?

$4.$ Did the choice of the $6\mathrm{.}75$ percent discount rate in $2002$ have a material impact on GM$\text{'}$s financial statements? Defend your answer.