Question: Question 7 4 Marks Internal Auditor Z has recently been appointed at SARS and is assigned to conduct his first audit. He has to

Question 7 4 Marks Internal Auditor Z has recently been appointed at

Question 7 4 Marks Internal Auditor Z has recently been appointed at SARS and is assigned to conduct his first audit. He has to perform an inspection of a client that is suspected of under-declaring VAT income with a significant amount. At the beginning of the audit, as the auditor meets with the client, the client gives the auditor the keys to a brand-new BMW. The auditor is currently struggling, as he does not have a car and has to make use of public transport. He thanks the client and accepts the keys. Required: a. Is Internal Auditor Z's actions in line with the code of conduct? b. Which rule(s) of the code of conduct apply? Explain why. c. What is the appropriate action for the internal auditor?

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