1. What is the role of an external auditor? Is it to simply examine the clients financial...

Question:

1. What is the role of an external auditor? Is it to simply examine the client’s or more – to be an investigator in conducting and completing the audit?
2. Evaluate the actions taken by Sandy Cole and Joan Franks in this case. Were their actions in accordance with ethical and professional standards? Why or why not?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...