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28 Sep 2019
1. Why is studying Auditing different from studying otheraccounting topics?
2. How might understanding auditing concepts prove useful forconsultants, business managers, and other business decisionmakers?
3.Discuss why there is a demand for auditing services in a free-market economy. what evidence suggests that auditing would bedemanded even if it were not required by government regulation?
4. What is meant by the statement, "The agency relationshipbetween absentee owners and managers produces a natural conflict ofinterest'?
5. Why is independence such an important requirement for forauditors? How does independence relate to the agency relationshipbetween owners and managers?
1. Why is studying Auditing different from studying otheraccounting topics?
2. How might understanding auditing concepts prove useful forconsultants, business managers, and other business decisionmakers?
3.Discuss why there is a demand for auditing services in a free-market economy. what evidence suggests that auditing would bedemanded even if it were not required by government regulation?
4. What is meant by the statement, "The agency relationshipbetween absentee owners and managers produces a natural conflict ofinterest'?
5. Why is independence such an important requirement for forauditors? How does independence relate to the agency relationshipbetween owners and managers?
Patrina SchowalterLv2
28 Sep 2019