Your client, Shaheen Manufacturing Co., wants an audit so he can tell his bank that his financial statements have been certified to be 100% accurate.

Words: 164
Pages: 1
Subject: Uncategorized

Answer the following questions in detail: Question 1. Your client, Shaheen Manufacturing Co., wants an audit so he can tell his bank that his financial statements have been certified to be 100% accurate. Explain why you, the auditor, are unable to provide absolute assurance on the accuracy of the financial statements. Question 2. Define executive and non-executive members of a board of directors. Explain why it is important for the board of directors to have a mixture of executive and non-executive members. Question 3. Compare and contrast auditor liability under contract law vs. tort law.

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