1- Auditor independence is a major issue. Define and distinguish between independence in fact and independence in appearance. Describe how an auditor can be independent in fact yet not be perceived to be independent in appearance 2-Analytical procedures consist of evaluations of financial information made by a study of plausible relationships among both financial and nonfinancial data. Describe the main purposes for using analytical procedures. Identify and briefly describe two (2) analytical procedures.

2-Analytical procedures consist of evaluations of financial information made by a study of plausible relationships among both financial and nonfinancial data. Describe the main purposes for using analytical procedures. Identify and briefly describe two (2) analytical procedures.