• What are the financial statement assertions and how would you use to them to test the accounts receivable account?
• One of the seven fundamental principles that govern audits as required by the PCAOB notes that auditors are responsible for ensuring the have competent people to perform the audit. What kind of skills or education do you believe are required to ensure that this is accomplished?
• The term reasonable assurance is mentioned quite frequently throughout the readings. Why can auditors not provide absolute assurance?