Question: Question 1 6 Marks (a) Explain the term professional scepticism as it relates to the audit process. (3 marks) (b) If the auditor sets a

Question 1 6 Marks (a) Explain the term professional scepticism as it relates to the audit process. (3 marks) (b) If the auditor sets a low audit risk, what impact does this have on the

Question 1 6 Marks (a) Explain the term professional scepticism as it relates to the audit process. (3 marks) (b) If the auditor sets a low audit risk, what impact does this have on the type and amount of evidence the auditor would need to gather? (3 marks) (b) Distinguish between 'vouching' and 'tracing' audit procedures. (4 marks) (d) Define detection risk. (2 marks)

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