108.Petty cash funds are maintained on an imprest basis. Explain the advantage of using the imprest basis in accounting for petty cash. 109.Explain the role of the independent auditor. What...

108.Petty cash funds are maintained on an imprest basis. Explain the advantage of using the imprest basis in accounting for petty cash.

109.Explain the role of the independent auditor. What certification is required of an independent auditor?

110.What is meant by the term "materiality?"

111.List three of the five primary roles of the independent auditor (CPA).
Any three of the following:

112.What are the three types of audit opinion, and what is the meaning of each? Which type of opinion is considered the best?

113.What is a disclaimer of audit opinion?