1) Morison Muscat Audit Firm is a leading professional accounting & audit firm in Muscat. Morison Muscat has been appointed as the auditor of OceanTrading & Establishment Company, which is a leading supplier of Home Appliances across the Gulf. Morison Muscat provided the financial statement of OceanTrading & Establishment Company for the year 2019 to you for conducting an audit. Answer the following questions based on the same.

a) Describe the formalities to be followed by Morison Muscat after the appointment?

b) How do you examine the documents of OceanTrading & Establishment Company?

c) Provide some suggestions to prevent errors and frauds.