Chapter 1, Problem 34RSCQ

a.

To determine

Introduction:Auditing means the inspection of financial accounts of the company to determine if the records are accurate as per the rules and regulations of accounting or not. There are two types of auditors, i.e., internal auditors and external auditors, that carry out the auditing process.

To state:The steps involved in external auditing profession in order to reduce biasedness and improve auditor’s independence.

b.

To determine

Introduction: Auditing means the inspection of financial accounts of the company to determine if the records are accurate as per the rules and regulations of accounting or not. There are two types of auditors i.e. internal auditors and external auditors, that carry out the auditing process.

To brief:About the users of audited financial statements along with the decisions they need to make with the available information.