The following are some of the key terms often used in describing an external audit: 1. Independence 2. Public Interest Score 3. Inquiry 4. Evidence 5. International Standards on Auditing (ISAs) 6. Opinion 7. Reasonable assurance YOU ARE REQUIRED TO: (a) give, briefly, the meaning of each of the above terms. (14) (b) combine the above terms, plus any others you deem suitable, to give a description of the external audit function for a private company. (6)