Reference no: EM131203105 , Length: word count:500

Auditing & Assurance Services Assignment-

Question 1 - Enquiries into very many received tenets and commonly presumed truths, also known simply as Pseudodoxia Epidemica or Vulgar Errors, is a work by Thomas Browne challenging and refuting the 'vulgar' or common errors and superstitions of his age. Browne's three determinants for obtaining truth were firstly, the authority of past authors, secondly, the act of reason and lastly, empirical experience.

E.J. Merton summarised the ambiguities of Browne's scientific view-point thus

"Here is Browne's scientific point of view in a nutshell. One lobe of his brain wants to study facts and test hypotheses on the basis of them, the other is fascinated by mystic symbols and analogies."

Discus in terms of accounting first and then in relation to auditing.

Question 2 - Trust takes years to build, seconds to break, and forever to fix.

What does this say about the auditor/management relationship?

Question 3 - This is Martin Shkreli

Who is he and what does his story tell us about corporations, shareholders, accounting and auditing - if anything.

Question 4 - "If I had eight hours to chop down a tree, I'd spend six hours sharpening my ax."

Abraham Lincoln

What does this mean in the context of auditing and auditors?

500 words

2 APA references.