1. What are the differences between the independence of an internal auditor and that of an independent auditor? How can an internal auditor be truly independent? 2. Discuss briefly why auditors and accountants are engaged in assurance engagements other than financial statement audits. 3. Explain how engagement letters can be used to avoid litigation. 4. What are the steps involved in the audit planning process? Briefly explain each step. 5. What are the responsibilities of management and the auditor in relation to internal control? 6. Explain audit expectation gap as depicted in the diagram below? What are the current implications of the audit expectation gap? Can it be reduced