C. Each of the following independent situations involves a possible violation of the MIA By Laws...
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C. Each of the following independent situations involves a possible violation of the MIA By Laws and Company Act 1965. a) In preparing personal tax returns of a client, Fiona Asan, an auditor observed that the deduction for contributions and interest were unusually large. When she asked the client for backup information to support the deductions, she was told, "Ask me no questions, and I will tell you no lies". Fiona completed the return on the basis of the information acquired from the client. b) c) d) Wong Lee, an auditor, stayed longer than he should have at the annual Chinese New Year party of his family. On his way home he drove through a red light and was stopped by a policeman, who observed that he was intoxicated. In a jury trial, Wong Lee found guilty of driving under the influence of alcohol. Because that was not his first offense, he was sentenced to 30 days in jail and his driver's license was revoked for one year. Thaqif, an auditor, provides tax services, management advisory services, bookkeeping services as well as conduct audit for the same non-public client. Because the firm is small, the same person often provides all the services. Maza Abu, an auditor, is a member of an international accounting firm. His business card includes his name, the firm name, address, telephone number and the title IT consultant. Required: For each of the above situation, state whether it is a violation of MIA By Laws and Company Act 2016. Explain your answer as necessary. C. Each of the following independent situations involves a possible violation of the MIA By Laws and Company Act 1965. a) In preparing personal tax returns of a client, Fiona Asan, an auditor observed that the deduction for contributions and interest were unusually large. When she asked the client for backup information to support the deductions, she was told, "Ask me no questions, and I will tell you no lies". Fiona completed the return on the basis of the information acquired from the client. b) c) d) Wong Lee, an auditor, stayed longer than he should have at the annual Chinese New Year party of his family. On his way home he drove through a red light and was stopped by a policeman, who observed that he was intoxicated. In a jury trial, Wong Lee found guilty of driving under the influence of alcohol. Because that was not his first offense, he was sentenced to 30 days in jail and his driver's license was revoked for one year. Thaqif, an auditor, provides tax services, management advisory services, bookkeeping services as well as conduct audit for the same non-public client. Because the firm is small, the same person often provides all the services. Maza Abu, an auditor, is a member of an international accounting firm. His business card includes his name, the firm name, address, telephone number and the title IT consultant. Required: For each of the above situation, state whether it is a violation of MIA By Laws and Company Act 2016. Explain your answer as necessary.
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Answer a It is a violation of MIA By Laws and Company Act 2016 for an auditor to prepare personal ta... View the full answer
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Posted Date:
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