Syllabus A2. External Audits 2 / 4

a) Describe the regulatory environment within which external audits take place.
b) Discuss the reasons and mechanisms for the regulation of auditors.
c) Explain the statutory regulations governing the appointment, rights, removal and resignation of auditors.
d) Explain the regulations governing the rights and duties of auditors
e) Describe the limitations of external audits.
f) Explain the development and status of International Standards on Auditing (ISAs).
g) Explain the relationship between International Standards on Auditing and national standards.[1]
External Audits