Assignment Question(s): (Marks 5)
1.What are the audit procedures for identifying contingent liabilities? (1 Mark)
2.Discuss the theories of ethical behavior? (1 Mark)
3.The following four situations require a modification to the standard unqualified/unmodified audit report. Identify the modification required for each. (1 Mark)
a.Opinion based in part on the report of another auditor.
c.Lack of consistency.
4.As an auditor of a reputed company in KSA explain how the Statement of retained earnings and Income Statement are audited. (2 Marks)