CEDEU Cendee Dee Dee dEecoute bcc T Normal No Space Heading Heading 2 3. Who is responsible for preparing financial statements Discuss the responsibility and functions of CPA with evidence from annual report regarding auditing of financial statements. Also name the different lancial statements that are audited by external auditors at Zamil industrial (10 marks) + Why independent Auditors Report are usually required? What type of information usually discussed In this report? Provide details from annual report of Zamil Industrial, (10 marks) Stamine you are the external auditor of Zacil industrial, how do you interpretand what is your view on the poing Concertmption on the financial stability of a business? (10 marca CcDdEe CeDdEe DdEe cDdEe dEe cedide ba T Normal 1 No Space Heading 1 Heading 2 Subtitle Sot Paragih 6- What does the term "material misstatement" mean? Did auditor indicate and highlighted any information about material misstatement in annual report? (10 marks) 7- Reliable accounting and financial reporting aids society in allocating resources in an efficient manner. Explain why audits are demanded by society? Support your answer from the Annual report of 2019 of Zamil industrial? (10 marks) 8. Discuss the different types of audit. Which type of audit is performed at Zamil industrial? (10 marks) 9- What are the basic audit procedures usually used by external auditors? Also provide evidence from Annual report which procedures were used by the auditor for fair value estimation of Zamil industrial 2019. (10 marks)