• Please answer each question thoroughly. Each answer should be approximately half a page but no longer than one page.
• 1.How can internal auditors achieve practical independence?
• 2.What auditing services do internal auditors provide?
• 3.What difficulties do auditors find when conducting a performance audit?
• 4.How can governmental and internal auditors try to achieve objectivity when developing conclusions about economy, efficiency, or program results?
• 5.Why do GAGAS require a review for compliance with laws and regulations in conjunction with financial audits?
• 6.What are the major differences between independent auditors' reports on financial statements and internal governmental reports on efficiency, economy, and program results audits?
• 7.Why do you think GAGAS reporting standards permit performance audit reports to include the views of responsible officials concerning the auditors' findings, conclusions, and recommendations?
• 8.Compare and contrast the type of work performed by external auditors (auditing financial statements to render an opinion) and fraud examiners.
• 9.Why might fraud examiners' attitudes about control systems and materiality differ from that of other auditors?
• 10.Why do fraud examiners handle information in a different manner than auditors? Why is this important?