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ANSWER ONLY FOUR OF THE FOLLOWING QUESTIONS Cupter 20 also Question 1: (25 marks) chupes 1-0207 Assurance services are used to describe the broad
ANSWER ONLY FOUR OF THE FOLLOWING QUESTIONS Cupter 20 also Question 1: (25 marks) chupes 1-0207 Assurance services are used to describe the broad range of information enhancement services that are provided by certified public accountants. a. Define of assurance services. also on ch 1 and 7 and 19 or attestati Service: LO 20-2 b. Discuss the forms of attestation, which includes the three types of engagement. Question 2: (25 marks) Auditors must consider the possibility of fraud by employees or management on every audit engagement. They must also consider the possibility that the client has not complied with laws. chut 2. a. Distinguish between employee and management fraud. (10 Marks) b. Describe the auditors' responsibility for the detection of fraud in an audit. (15 Marks) Question 3: (25 marks) The PCAOB's mission is to oversee the auditors of public companies, protect the interests of investors, and further the public interest in the preparation of informative, accurate, and independent audit reports. Chap-5 List and explain the ten PCAOB standards that the AICPA previously refers to as generally accepted accounting standards. Question 4: (25 marks) All financial statements are prepared in accordance with a financial reporting framework. What is financial reporting framework? Why is a financial reporting framework important to a financial statement audit? End of Questions
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