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Part A. Auditing has evolved in the satisfaction of a social need to see that accounting statements on which people rely are reliable. Auditing in its modern form has adopted a multidimensional approach. At, present the scope of auditing is not only restricted to financial audit but also covers the other areas of auditing. Required: Write a report on present day auditing and auditing in the 1900's. (4 Marks) Part B. The duty of the auditor shall not be limited to mere verification of books of accounts based on the available vouchers and other documents, but he shall evaluate the authenticity of the transaction, appropriate recoding of the same in the books of accounts as well as compliance of the accounting and reporting process with prevalent statutes in this respect. For this, the auditor must possess a number of Important qualities, which include professional, inherited and general qualities to perform above mentioned activities. Required: A. What are the special and general qualifications that an auditor should possess and why? (3 Marks) B. What are the significant responsibilities of auditors in relation to financial statements