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Answers in type written please. 1) What do you understand by assurance engagement? Discuss the differences and similarities between the roles of accountants and auditors.

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Answers in type written please.

1) What do you understand by assurance engagement? Discuss the differences and similarities between the roles of accountants and auditors. What additional expertise must an auditor possess beyond that of an accountant? 2) What are the responsibilities of management and the auditor? Why professional skepticism is necessary for a qualitative audit? 3) What do you understand by audit evidence? What are the factors to be considered when assessing the reliability of audit evidence? 4) What is the meaning of materiality? How various types of materiality are calculated for the purpose of financial statement audit

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