Section A - Answer ALL 5 short questions ( 2 marks each, total 10 marks). Put your answers in a MS Word Document file. You should write one to two sentences for each question only. Question A1 You are an audit manager. During the interim visit, one of your team members wonder whether the team should send bank confirmation (a test of details) at this stage. Advise him with explanation. Question A2 You are Chief Internal Auditor of a listed company. You are briefing your team about testing of the intemal controls. Explain your objective of intemal controls testing. Question A3 You are an audit manager and have involved in audits related to initial public offerings (IPOs). Your audit client is planning for an IPO and asking you to share some experience with him. Evaluate whether you can share your experience or not. Question A4 You are a professional valuer with the HKICPA membership. Your sister is Finance Director of a listed company and asks you to provide a valuation service of an intangible asset for her company. The intangible asset shall be recorded on the financial statements. Discuss whether you should accept the invitation or not. Question A5 You are an audit manager. After completing the audit, your audit client invites your team to a 5 star hotel massage retreat. Discuss whether you should accept the invitation or not