Question: (Total: 20 marks) QUESTION 2 a. The source from the management of Jersey Bhd. indicates that the company has a few related parties. In

(Total: 20 marks) QUESTION 2 a. The source from the management of

(Total: 20 marks) QUESTION 2 a. The source from the management of Jersey Bhd. indicates that the company has a few related parties. In maintaining professional skepticism identify four (4) matters that should be included in the inquiries to the management of Jersey Bhd. pertinent to related parties. (8 marks) b. In doing the audit work of Cardin Bhd., a client company, one aspect auditor has to cover is to identify related parties and the transactions involved. Considering you as the auditor in charge, appraise the need why you are concerned with these related parties. (6 marks) (Total: 14 marks)

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