. Describe the profession of independent financial statement audit in your own understanding 2. Why is adequate planning important in an audit? What factors from a client that impact your decision whether to audit that company or not? 3. Why are auditors only assuring financial statements and provide audit opinion in all material aspects instead of all aspects? Describe the concept of audit risk, inherent risk, control risk and detection risk in your own words. 4. Would you pursue a career in auditing? Please explain with reasons why or why not?
