Please help to solve all this question asap. This is an audit and investigation subject.

You can refer to ACCA/MIA or other sources to support with your answer.

All question answers needed in lengthy explanation answer. please dont copy exsting answers

please help

QUESTION 4 (20 MARKS)

A. An internal auditor needs to be competent, capable and objective if their services are deemed adequate for the audit purpose. If an internal auditor does not fulfil the requirement for each of the above attributes, the risk of error or inaccuracy in work carried out is increased.

Required:

i. As an external auditor, how well do you comprehend the internal auditor's competence, capability, and objectivity? Discuss. (9 marks - need lenght answers please explain with situation , example or related information

) ii. Recommend THREE (3) audit procedures which can be performed to prevent external auditor's reliance on internal auditor's inadequate findings and conclusions. (6 marks) - need lenght answers please explain example with situation or related information

B. Using audit sampling, a subset of the population is selected for testing to derive generalisations about the population. Required: Determine FIVE (5) elements to be assessed during the sample selection. (5 marks)- need lenght answers please explain with situation , example or related information

QUESTION 5 (20 MARKS)

A. You work as a manager at Fynn & Partners, an audit firm that provides various services to audit and non-audit clients. You have been asked to examine a potential engagement to analyse and report on the expected cash flow statement of Waffle Sdn. Bhd., a firm that has been your audit customer for several years.

Critically evaluate FIVE (5) issues to be considered by Fynn & Partners before accepting the contract for examining and reporting on the forecasted cash flow statement of Waffle Sdn. Bhd. - need lenght answers please explain with situation or related information

QUESTION 4

. Using audit sampling, a subset of the population is selected for testing to derive generalisations about the population. Required: Determine FIVE (5) elements to be assessed during the sample selection