5 paper

profileMK778
Q1.docx

Q1:

· Meaning of Audit

· Meaning of Assurance

· Difference between audit & assurance (4 points)

· Example about audit and assurance

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Q2:

· Professional ethics & legal liability (meaning / definition):

· Key variables:

· Factors that influence these variables:

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Q3:

· Audit Planning (meaning / definition):

· Steps of Audit Planning:

· Examples of Audit Planning with explaining

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Q4:

· Internal Control (meaning / definition)

· Objectives of Internal Control

· Types of Internal Control: (give example for each of the type of internal control)