Elaborate on the following Chapter 1 points:

1: Understand the basic purpose of a financial statement audit

2: Identify the attributes of assurance services

3: Identify when evidence is reliable

4: Understand the concept of audit risk

5: Understand what an auditor must do if he or she does not possess the expertise in the clients industry or sector

6: Understand what an integrated audit means when the client is a public company

7: Understand what the term systematic process means