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In a bid to increase the interest of students in auditing, your audit firm has instituted a program in conjunction with universities in Nigeria, whereby the universities provide the firm with an opportunity to speak to students about the audit profession and what it means to be an auditor with a view to getting them interested in pursuing a career in audit when they graduate. During the program, audit personnel interact one-on-one with the students. As an audit senior in the firm, you have been asked to attend one of such programs and present a paper.
Required:
Explain the following in relation to the contents of your paper:
a. The definition and objective of an audit (2 Marks)
b. The concepts of accountability, stewardship, and agency (3 Marks)
c. Independence of the auditor (1 Mark)
d. True and fair view (2 Marks)
e. Materiality (2 Marks)
f. The rights and duties of an external auditor (6 Marks)
g. The responsibilities of management (4 Marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
In a bid to increase the interest of students in auditing, your audit firm has instituted a program in conjunction with universities in Nigeria, whereby the universities provide the firm with an opportunity to speak to students about the audit profession and what it means to be an auditor with a view to getting them interested in pursuing a career in audit when they graduate. During the program, audit personnel interact one-on-one with the students. As an audit senior in the firm, you have been asked to attend one of such programs and present a paper.
Required:
Explain the following in relation to the contents of your paper:
a. The definition and objective of an audit (2 Marks)
b. The concepts of accountability, stewardship, and agency (3 Marks)
c. Independence of the auditor (1 Mark)
d. True and fair view (2 Marks)
e. Materiality (2 Marks)
f. The rights and duties of an external auditor (6 Marks)
g. The responsibilities of management (4 Marks)
Find Related Questions by Tags, levels, etc.
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