CASE STUDY: STEVIE GEE LTD REQUIRED: The audit firm is considering whether it is appropriate to continue with Stevie Gee Ltd as a The client: Stevie Gee Limited Steve Andrews (CEO) and Giana Griffin (CFO) founded Stevie Gee Ltd, an client. You are required to evaluate the professional conduct of Ashley & Partners and its members in terms of APES 110 Code of Ethics for Professional Accountants, and prepare a report addressed to the Information Technology services company, in 2006 and is headquartered in Brisbane, Queensland. Stevie Gee Lid specialises in providing information technology (IT) support to an array of national customers, Audit Partners, discussing your evaluation. You are also required to provide a recommendation as to who pay a monthly retainer plus fees based on support services demand. The business has grown from the client continuance decision. The report should specifically include the following: the initial two founders to a staff of 30 IT technicians in addition to the other administrative and 1. An executive summary that outlines the purpose of the report, summary of the evaluation of accounting staff. The financial year of Stevie Gee Ltd ends on 31 December each year. professional conduct and recommendations made. The external auditors: Ashley & Partners (Ashley) 2. A discussion of the relevant fundamental principle contained within the Code of Ethics that relates Ashley & Partners (Ashley) is a relatively small audit firm providing audit, advisory and taxation services to several mostly Brisbane-based clients. The audit firm has developed a reputation for their insights and to the case. Using your knowledge of the Code of Ethics for Professional Accountants (APES 110), high-quality audits which builds trust in financial markets and business. In particular, many of their clients discuss the regulations that are applicable to the issue and evaluate the circumstances of the case. Be are in the Information Technology sector. To ensure that the firm continues to provide high quality audits, specific in your answer in terms of both the source of rules (i.e. include reference to specific sections all staff are required to undertake, at a minimum, annual training on current and emerging audit and/or subsections of the regulation in your answer, e.g. APES 110 s600.4" ) and in terms of what the considerations. For instance, all members of the audit firm are required to know and understand the rules stipulate about the issue you are discussing. current audit guidance for remote working arrangements that have become increasingly common over the past three years. These are particularly relevant to the IT industry, and given Ashley's prior experience in this sector, the audit firm has been highly regarded by peer audit firms. In fact, one of the senior 2. Discuss appropriate actions and or safeguards that Ashley & Partners could implement to resolve partners, John Michael (a Griffith University alumni!), was jointly invited by CAANZ and CPA to provide any potential concerns identified written guidance on 'Emerging Auditing Considerations for Remote Working Arrangements in the Post- COVID era: Insights from the IT sector'. Stevie Gee Ltd has been a client of Ashley for the past 9 years. Mr. 4. Provide a brief conclusion that summarises your overall recommendation, based on the discussion Rob Ashley, the founding partner of Ashley & Partners, has always been involved with Stevie Gee Ltd, first in part (2) and (3) on whether Ashley & Partners should accept the audit engagement for another year as the Engagement Partner and later as a tax advisor. John Michael has served as the engagement partner or not. on Stevie Gee Ltd audits since 2015. Patience Scott was the audit manager on the FY2021 Stevie Gee Ltd audit engagement and is likely to be appointed audit manager again if they decide to proceed with the FY2022 audit. Nic Lauder, a trainee accountant, joined the audit firm in January 2022 after graduating with his business degree. Having heard a lot about Rob Ashley from his Auditing lecturer, he is really excited about the opportunity to work at Ashley & Partners. One of Nic's best mates, 3 Joel Andrews, is an IT technician at Stevie Gee's. They originally met three years ago through a hiking Meetup group, and often go hiking and mountain biking together. Being the nephew of Steve Andrews, Joel secured part-time administrative and bookkeeping work for Nic at Stevie Gee Lid. Nic started working at Stevie Gee whilst still at university and over the summer holidays, assisting mainly with processing receipts from credit customers and performing bank reconciliations. Nic ceased working for Stevie Gee Ltd when he was accepted into Ashley for his traineeship. By this time, Joel had also taken up a position at Commonwealth Bank as an IT technician to broaden his experience. Because Joel was no longer working at Stevie Gee Ltd, Nic decided that it was not necessary to mention his friendship with Joel. He was also a little concerned that the audit firm might be a bit 'pedantic' and he did not want to jeopardise his chance to audit Stevie Gee. He reasoned that his previous work experience at Stevie Gee would provide a valuable perspective to better understand the application of audit techniques