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Assignment Discussion Q Ch1!20!21
Assignment Discussion Q Ch1!20!21
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. : )
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.