The Chief Executive Officer of the firm has also requested some additional work to be completed on a complex tax issue. However, she has no prior experience and does not feel competent to the work. The CEO would also like her to provide an audit opinion as they are planning to apply for funding from a bank and the bank would like some further assurance.

Required:

With reference to Code of Ethics for accountants, discuss the ethical principles applicable to the above scenario.

Answer rating: 100% (QA)

Code of ethics refers to what should be done or what should not be done in any given situation which ... View the full answer