Audit

PRACTICE QUESTION 1 Kid Brother Your younger brother has written to you stating that he is contemplating following your footsteps into the accountancy and auditing profession. However, he is finding difficulty in understanding the nature and purposes of an audit and he has asked for your assistance FTC FOULKS LYNCH IMPLEMENTING AUDIT PROCEDURES: PAPER 8 INTERNATIONAL Write an appropriate letter, in language that a layman can understand, describing an audit, with particular emphasis on its nature and purposes. (Use fictitious names and addresses. Marks will be awarded specifically for style as well as for content.) (20 marks)