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Auditing – Assignment and Discussion questions Page 1 of 1

Chapter 1
Assignment questions

1-1 [LO1]
What is the objective of external auditing? Describe the role of external auditing in meeting demands for
unbiased financial statement and internal control information.

1-20 [LO3]
Describe the seven threats to independence articulated in the AICPA’s independence conceptual
framework, and provide examples of each.
*If you don't have a textbook, you may need to do a little research about AICPA independent threats. : )

Discussion questions (We will do the followings in the tutorial.)

1-9 [LO1]
Refer to Exhibit 1.4 and identify the primary parties involved in preparing and auditing financial
statements, and briefly describe their roles.

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