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Question #1: (10 points) 1-1) International auditing standards and AICPA auditing standards classify management assertions into three categories, Define what is meant by a

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Question #1: (10 points) 1-1) International auditing standards and AICPA auditing standards classify management assertions into three categories, Define what is meant by a management assertion about financial statements. Identify the three broad categories of management assertions? 1-2) Give four examples for physical examination in auditing financial statements? 1-3) Define Analytical procedures? Give two example of analytical procedures about financial statements audit? 1-4) List four audit evidence types with examples that have a moderate cost in performing audit process?

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