1) What is meant by earnings management? How do you think the concept of earnings management might have influenced the auditor's role in the audit of financial statements? 

 

2.) The audit committee is a central pillar of effective corporate governance and is in the best position to offer effective oversight of the performance, independence and objectivity of the auditor and the quality of the audit. 

Required 

Discuss the work of the audit committee in enhancing corporate governance. 

 

3.) How does ethics apply to auditors?

 

4.) What are the duties and powers of the Australian auditor-general?

 

5.) Identify the five types of ethical threats to professional independence and give a specific example of each.