(a) State how a non-statutory audit could assist the partnership.?

Mr. Phiri and Mr. Tembo are in partnership. Previously accounts have been prepared by

their bookkeeper but as their business is growing they are considering asking your firm to

act as auditors to the partnership.

Required

(a) State how a non-statutory audit could assist the partnership.

(b) Identify the major difficulty you could potentially face in a non-statutory audit, and state

  how you would try to overcome it.