1. Explain that auditor’s public interest responsibility including the source of their responsibility they extends to...

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Accounting

1. Explain that auditor’s public interest responsibilityincluding the source of their responsibility they extends to whichthey embrace this responsibility & tangible ways thatentry-level auditors can embrace this responsibility?
2. Explain the concept of professional skepticism including itsunderlying attributes and in addition to describing the differentapproaches to professional skepticism and how they are used inaudit?
3. Applied question(use example):1. Use of example of testingrevenue explain the steps and performance of standard analyticalproduces 2. Using the example of testing sales, returns andallowances explain the process of testing accountants
4. Although auditors are required to exercise professionaljudgment they are human and thus prune to a number of judgmenttraps, bias, Explain at least three of the typical judgementtraps

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1 The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement whether caused by error or fraudBecause of the nature of audit evidence and the characteristics of fraud the auditor is able to obtain reasonable but not See Answer

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