Discussion Questions

1.What pressure does an auditor face that can challenge their and their firms integrity in the course of conducting an audit? How should the auditor handle such pressure?

2.What is the purpose of the audit function and what is required in order for accountants to successfully complete this task?

3.Who is the auditor ultimately responsible to and how does this impact the auditor/client relationship?

4.Discuss the auditors basic responsibilities and potential problems that can arise when carrying out these responsibilities.

5.Discuss the various threats to independence and how a firm should mitigate the risk involved with the threats.