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Q2. You are the Audit Manager of AKM associates, a firm of chartered Accountants.Your firm has recently recruited new Accounting University students graduates as Accountancy

Q2. You are the Audit Manager of AKM associates, a firm of chartered Accountants.Your firm has recently recruited new Accounting University students graduates as Accountancy trainees.You have been assigned the task of offering induction to trainees. REQUIRED a)Explain to the trainees 4 ofthe professional ethics that guide the conduct of an Audit b).Explain the components of Audit risk and ,for each component, State an example of a factor which can resulting increase Audit Risk

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