Question 1:
What do you mean by an accountant’s objectivity and how does independence gets on objectivity?
Question 2:
Why might a self-interest threat to objectivity be created when a gift from a client is accepted?
Question 3:
What do you understand by independence of mind and independence in appearance?
Question 4:
In brief illustrate the four phases of audit process.
Question 5:
List all the four (4) major evidence decisions which should be made on every audit.
Question 6:
Recognize the six (6) main characteristics which determine the reliability of evidence.