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Auditing & Assurance Chap 1 1.11 Describe the nature of an audit. 1.12 What does an independent auditor do during a financial report audit? 1.13

Auditing & Assurance

Chap 1

1.11 Describe the nature of an audit.

1.12 What does an independent auditor do during a financial report audit?

1.13 Explain how agency theory results in a demand for auditing.

1.14 What are the current implications of the audit expectation gap? Can it be reduced?

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