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i. Explain the difference between negative and positive assurance in the context of the external audit and review engagements. State some of the limitations of

i. Explain the difference between negative and positive assurance in the context of the external audit and review engagements. State some of the limitations of the external audit. ii. The auditor's imply certain things are true, because otherwise the auditor report would have mentioned them. State five implications of the auditor's opinion. iii. Describe the steps the auditor's must take before deciding whether to accept the nomination as auditor. iv. List and explain the importance of audit documentation. v. explain the rights of the auditor under the companie's code.

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