DISCUSSION QUESTIONS
- Define the function of auditing. what are the types of audit?
- Who is an auditor? Discuss the different types of auditors.
- What are the duties of an auditor? Also explain the responsibilities of auditors with regard to the mis-statement of financial statements.
- What are the responsibilities of auditors with regard to the mis-statement of financial statements?
- What are the responsibilities of audit firms? Give a couple of examples leading to corporate scams in India.
- To what extent would you concur with the statement that ‘audits are not designed to detect frauds’?
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