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What additional expertise must an auditor possess

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Question 1. What additional expertise must an auditor possess beyond that of an accountant?

Question 2. Explain what is meant by information risk, and give two causes of this risk.

Question 3. Many people confuse the responsibilities of the independent auditors and the client's management with respect to audited financial statement. Describe management's responsibility and auditor's responsibility regarding audited financial statements.

Question 4. Explain the concept of "Reasonable Assurance" in the context of financial statement audit.

Question 5. What is the major difference between auditing services and assurance services?

Reference no: EM132794747

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