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Instructions â€“ PLEASE READ THEM CAREFULLY
- The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
- Assignments submitted through email will not be accepted.
- Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
- Students must mention question number clearly in their answer.
- Late submission will NOT be accepted.
- Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
- All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
- Submissions without this cover page will NOT be accepted.
Assignment Question(s):(Marks 5)
IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides or fellow student.
1- What are the types of audit report opinions? When should an auditor issue each report? (2 Marks).
2- What is the importance of Auditorâ€™s Risk Assessment process? Detail your answer. (1 Mark).
3- What is the difference between substantive analytical procedures and test of details? Detail your answer. (1 Mark).
4- Discuss how does internal control assessment affects audit risk model? (1 Mark).