1.

i) Discuss the differences between auditing profession and the accounting profession.

ii). Describe the need for an audit on financial statement.

iii) Elaborate the different types of audit services available. 4

iv). Mary is an audit intern at Pamela Chartered accountants. Mary is confused about responsibilities of the profession. She hardly to understand the need for internal audit when there is an external audit. Explain to her the two types of auditing and what are the differences.