the subject: audit standards.

note: i want a simple and short answer please.

Requirements: For each independent issue identify & explain briefly: The effect on the Audit Procedures (Planning, Risk Assessment, Materiality Level identified by Auditor, Auditor's appropriate Response & Course of Actions, Going Concern Issue, Key Audit Matters, Type of Audit Opinion). You are expected to make your own assumptions & Scenarios, explain the appropriate Course of actions & Responses of the auditor, with appropriate Justifications to your answers. 1- The auditor of Beta discovers client's tax evasion. 2- The auditor of Client XO Company discovers a fraudulent act committed by a senior employee of XO Company. 3- PWS Audit firm was approached by Zeta Company to audit its Financial Reports for the first time. After accepting the engagement, PWS discovered misstatements on the ending balance of Accounts Receivable. Requirements: For each independent issue identify & explain briefly: 1) The effect on the Audit Procedures (Planning, Risk Assessment, Materiality Level identified by Auditor, Auditor's appropriate Response & Course of Actions, Going Concern Issue, Key Audit Matters, Type of Audit Opinion). 2) with appropriate Justifications to your answers. 1- The auditor of Beta discovers client's tax evasion. 2- The auditor of Client XO Company discovers a fraudulent act committed by a senior employee of XO Company. 3- PWS Audit firm was approached by Zeta Company to audit its Financial Reports for the first time. After accepting the engagement, PWS discovered misstatements on the ending balance of Accounts Receivable