QUESTION 1

1. (a) List down the 5 threats to Auditors Independence and explain each threat.

2. (b) What are the Types of Audit Evidence? Explain each type.

3. (c) What are the three main Types of Substantive Procedures? Explain each type.

4. (d) List down the Financial Statement Assertions relating to Account Balances and explain each

   assertion.

5. (e) List down the Financial Statement Assertions relating to Classes of Transactions and explain

   each assertion.