1. Do you agree or disagree with the opinion saying independent auditing can be considered a business?Explain the concept of a risk-based approach in auditing. 2. Describe the relationship between the assessment of inherent risks + control risks with detection risk, amount of evidence required, and materiality level when conducting a financial statement audit of a company. 3. What are the similarities and differences between control risks and inherent risks? What are some of the bases for the assessment of these risks? 4. Do you consider pursuing a career of auditing? Why or why not?