What should an auditor do if he/she believes that the ethical culture of a client is unsatisfactory?
Answer to relevant QuestionsAre the governing partners of accounting firms subject to a “due diligence” requirement similar to that for corporation executives in building an ethical culture? Can a firm and/or its governors be sanctioned for the ...What is meant by the term "fiduciary relationship"?If an auditor’s fee is paid from the client company, isn’t there a conflict of interests that may lead to a lack of objectivity? Why doesn’t it?1. What does our professional code say about this?2. If this issue is uncovered by the government regulatory authorities, will I be implicated?3. Should I quit my job and then go and report this situation to the regulatory ...1. Whose codes will predominate: lawyers, engineers or accountants?2. Do professionals report to one of their own, or a member from a different profession?3. Who would be sued?4. Won’t focus be on profit rather than ...
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