Discussion board questions: "Auditing"
Please avoid brevity and DO NOT COPY directly from the textbook, answer in YOUR OWN WORDS.
1. State what is the objective of the audit of the financial statements In general terms, how do auditors meet those objectives?
2. Distinguish between management's and the auditor's responsibility for the financial statements being audited.
3. Distinguish between the terms errors and fraud. What is the auditor's responsibility for finding each?
4. Define 'kitchen-tabling' as it applies to auditing. What are its negative byproducts?