two separate discussion questions please provide reference used

Question 1

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?

Question 2

Distinguish between an auditor’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 week’s lecture to help form and support your answer.

 

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