List B: B1 ...the PAAB in Namibia or IRBA in South Africa. B2 ...the office of the Auditor general. B3 ...result in fair presentation. B4 B5 B6 ...the independence of the auditor from the "entity" being audited. ...imposes an obligation on the auditor to place service before personal interest. ...representations of the directors / management to the shareholders. B7 ...enhance the degree of confidence of the intended user. B8 B9 B10 ...limited assurance as to the fair presentation of the financial statements. ...must be audited. ... reasonable assurance as to the fair presentation of the financial statements. SECTION B: [10 marks] Page 13 of 18 List B: B1 ...the PAAB in Namibia or IRBA in South Africa. B2 ...the office of the Auditor general. B3 ...result in fair presentation. B4 B5 B6 ...the independence of the auditor from the "entity" being audited. ...imposes an obligation on the auditor to place service before personal interest. ...representations of the directors / management to the shareholders. B7 ...enhance the degree of confidence of the intended user. B8 B9 B10 ...limited assurance as to the fair presentation of the financial statements. ...must be audited. ... reasonable assurance as to the fair presentation of the financial statements. SECTION B: [10 marks] Page 13 of 18 Statement is made. You are required to: Match the sentences from list A with their correct counterparts in List B. Only write down the appropriate numbers from each list. Each number can only be used once. List A: A1 A2 A3 A4 A5 A6 A7 A8 The essential characteristic common to all types of assurance engagement is... B7 The International Framework for Assurance Engagements defines an assurance engagement as one "in which a practitioner expresses a conclusion designed to... A professional accountant in public practice must be registered with... All Namibian companies... Bl One of the auditing postulates is that the application of a recognized accounting framework in the preparation of the financial statements will... The audits of provincial departments are usually undertaken by... An audit does not certify that the financial statements are correct, but it does provide... Another of the auditing postulates states that the status of the independent auditor in society... A review of financial statements will provide... A9 A10 The assertions contained in the financial statements can be described as the