Access the CENTRAL BANK OF KUWAIT Corporate web page Central Bank of Kuwait: Annual Report (cbk.gov.kw) then download the annual report 2020-2021 in PDF Form. Use the annual report to answer the following questions. Go to "Report of Independent Registered Public Accounting Firm"& answer the following questions. Read the report carefully.

5. Explain the term 'Audit Risk' and 'Audit evidence'. How auditors can reduce audit risk, support your answer from annual report of Central Bank of Kuwait.. (10 marks) 6- What do you understand by assumption "going concern". What auditors view on the company assumption of going concern and what is the opinion of management on going concern of Central Bank of Kuwait? (10 marks) 7- Are auditors responsible for frauds? Discuss the auditor responsibility for the detection of errors and frauds? Support your answer from the Annual report of Central Bank of Kuwait