AUDITING PRACTICE QUESTIONS:

PLEASE BRIEFLY answer 2 & 3

2. What is an audit trail? What are some challenges in this electronic age with respect to keeping up with audit trail ? And How is it reflected in an Audit Opinion? Be specific and to the point. 3. When fraud is discovered in the course of an audit, it is important to hold a "brain -storming session". What are some major objectives of holding a brainstorming session with trusted staff or partners? List at least three but do not discuss