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two separate discussion questions please provide reference used
It has been said that independence is the cornerstone of the accounting profession. Explain what this means. How do auditors protect against impairments of independence?
Distinguish between an auditorâ€™s responsibilities to detect and report errors, illegal acts, and fraud. What role does materiality have in determining the proper reporting and disclosure of such events? Use this weekâ€™s lecture to help form and support your answer.