Demonstrate an understanding of the reporting requirements and auditing standards. 2. Demonstrate an understanding of the auditor’s professional, legal and ethical responsibilities to their clients and third parties. 3. Identify the elements of the financial report audit process. 4. Understand the audit planning procedures, evaluate the business risk and assess the internal control. 5. Prepare auditing procedures for transactions and balances by conducting control and substantive Tests. 6. Understand the auditor’s reporting obligations. Description: Each week students were provided with three tutorial questions of varying degrees of difficulty. The tutorial questions are available in the Tutorial Folder, for each week, on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions. Your task is to answer a selection of tutorial question for weeks 1 to 5 inclusive and submit these answers in a single document.