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Question 3: Answer the following questions: (A1, D1) (18 Points) 1. Distinguish among the three principal types of auditors and indicate the types of audits
Question 3: Answer the following questions: (A1, D1) (18 Points) 1. Distinguish among the three principal types of auditors and indicate the types of audits each may perform? (2 points) 2- What are the functions of audit committees? (2 points) 3- What is the meaning of Professional Skepticism? (1 points) 4-Contrast Accounting and auditing as to objectives, methodology, applicable standards, and responsible parties? (3 points) 5- Determine and explain management's assertions? (3 Points) 6-Differentiate between Tracing and vouching? (3 Points) 7-Determine and explain factors that affect the auditor's judgment about the sufficiency of audit evidence? (4 Points)
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