G 3 a small security firm would like to get a loan from Zambia national Commercial bank (Zanaco). Zanaco has requested that G 3 needs to submit audited financial statements in order to get a loan however G3 has no audited financial statements. Your friend John the accountant at G 3 knows that, you and your other friend David Mulenga a Chartered Accountant owns a small tax practice firm in Lusaka. John has emailed you asking if you and your friend David Mulenga would be interested in performing the audit of G3. G3 is on a tight deadline from the bank and would like the audited statements within 2 weeks. 

Your tax practice firm has never performed an audit for any client previously. Required With reference to the Code of Ethics for Professional Accountants write a letter in response to John the accountant for G 3.

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Solution To John Accountant at G3 Subject audit of G3 by John friend The International Ethics Standa... View the full answer