Q1.Discuss the inherent risk assessment of the following items and explain why the auditor asses these inherent risks as high or low:

- Inherent Risk Assessment Prepaid Expenses [1 mark]

- Inherent Risk Assessment Intangible Assets [1 mark]

Q2.As an auditor of manufacturing company in KSA, explain what the auditor should do during the observation of the physical inventory count. [2 marks]

Q3. Discuss the theories of ethical behavior.[1 mark]