RECENT ASSIGNMENT

500 words of each questions
Question 1.
An audit report is not a guarantee, certification, or even a statement of fact. Rather it is the
auditor's opinion about the compliance of a company's financial statements with Generally
Accepted Accounting Principles (“GAAP”) based on the auditor's work performed under
Generally Accepted Auditing Standards (“GAAS”).
Discuss
Question 2.
Explain and discuss the Three Lines of Defense model (Re Internal Auditing)