Assignment: Auditing Principles and Procedures

Questions:

1- While performing an audit what kind of observation an auditor should perform for the physical inventory count. Explain relevant procedures in your own words and give examples?

2- Explain in detail the inherent risks factors are involved while assessing the risks for the intangible assets?

3- Clarify in detail what are substantive analytical procedures can be used in the audit of property, plant, and equipment?

4- Describe in detail the substantive analytical procedures can be used in auditing the income statements?