Assignment
Question(s): (Marks 15)
Answer in your OWN words.
Q1. What is the difference between audit, attestation, and assurance services? And how do the answers provide value to stakeholders?
Your answer should have a minimum of 400 words. (5 Marks)
Q2. How can auditors effectively plan an audit in a dynamic and uncertain environment? Provide an example to describe your answer.
Your answer should have a minimum of 400 words. (5 Marks)
Q3. In your opinion, what are the benefits of assessing the effectiveness of internal controls over financial statements ICFR to the audit process, other than being a requirement of PCAOB?
Your answer should have a minimum of 300 words. (5 Marks)
How can auditors effectively plan an audit in a dynamic and uncertain environment? Provide an example to describe your answer.
