Using the text and other sources you choose to bring in, provide answers to the questions below and submit your work as a 2 – 4 page Word document in apa format. Except where direct quotes are clearly cited per APA guidelines.QUESTION #1Discuss the major factors in todays economy that have made the need for independent audits much greater than it was 50 years ago.QUESTION #2List and thoroughly describe the four major types of audit services CPA’s perform. Select the one you believe is most important and explain why.QUESTION #3What roles does the SEC perform? What is their relationship to auditing?QUESTION #4Thoroughly describe and distinguish between generally accepted auditing standards and generally accepted accounting principals.QUESTION #5What is the relationship between international Standards on auditing and U.S Generally accepted Auditing Standards? How might it evolve in the future?
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