Question: I NEED HELP WITH THESE QUESTIONS PLS!!! 1) Why are there procedures governing the client acceptance or continuance decision? Explain why auditors do not accept

I NEED HELP WITH THESE QUESTIONS PLS!!!

1) Why are there procedures governing the client acceptance or continuance decision? Explain why auditors do not accept every client.

2) Explain the relationship between the risk assessment, risk response, and reporting phases of an audit.

3) Explain how setting a lower materiality level affects the number of items that are material and affects the decisions about the nature, extent, and timing of the audit procedures.

4) Consider this statement, Auditors should only use professional skepticism when considering fraud risk. Do you agree or disagree with this statement? Support your position.

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