Question Description
Q1. Discuss the inherent risk assessment of the following items and explain why the auditor asses these inherent risks as high or low:
– Inherent Risk Assessment Prepaid Expenses[1 mark]
– Inherent Risk Assessment Intangible Assets[1 mark]
Q2. As an auditor of manufacturing company in KSA, explain what the auditor should do during the observation of the physical inventory count. [2 marks]
Q3. Discuss the theories of ethical behavior. [1 mark]
