Question: Element 1: Evaluate the Business Environment and Audit Framework 1.1 Evaluate the purpose and scope of an audit. 1.2 Evaluate and understand the legal duties

Element 1: Evaluate the Business Environment and Audit Framework

1.1 Evaluate the purpose and scope of an audit.

1.2 Evaluate and understand the legal duties of auditors.

1.3 Review purpose of professional ethics.

1.4 Evaluate and consider the liability of auditors.

1.5 Investigate audit regulation.

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