1. When forming an opinion on the financial statements, an auditor considers several factors. Give at least three of them and explain each one briefly.
2. What are the basic sections of the auditor's report?
3. Give the four basic reports which may be issued in an audit engagement. Identify the situations which warrant the issuance of each type of report.
4. When does the principal auditor:

a. Divide Responsibility

b. Assume Responsibility for work of the other auditor

5 . What are the reporting implications when using experts?