For each situation below identify the threat and one fundamental principle that is comprised. a) An auditor
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Question:
For each situation below identify the threat and one fundamental principle that is comprised.
a) An auditor has shares in a company which is an audit client of theirs.
b) An accountant has compiled the financial statements for a client and was requested to also audit the statements.
c) The financial director of Baboo Ltd is very aggressive and dismissive of the audit function and audit team
d) A chartered accountant values a client’s shares and then leads the negotiations on the sale of the client’s company
e) The chartered accountant fails to report a fraud at a client because the perpetrator is a close friend and he is sympathetic to the interest of his friend.
Related Book For
Business Statistics
ISBN: 978-0321925831
3rd edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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