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1. Outline the requirements to act as an external independent auditor and also identify those who may not act as an auditor. Briefly also discuss

1. Outline the requirements to act as an external independent auditor and also identify those who may not act as an auditor. Briefly also discuss the appointment, removal and resignation of these auditors.

2. Discuss why the audit expectation gap exists and why the accounting profession must seek to have it reduced.

Answers to each question should be no more than 3 pages long

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