You are an audit manager in Donovan Flynn & Associates (DFA), a firm of Chartered Accountants & Registered Auditors. You have specific responsibilities for undertaking annual reviews of potential and existing clients. The following matters have recently arisen: Paul Jones, an assistant manager in the audit division, is scheduled to be part of the audit engagement team for the upcoming final audit of Wholefoods Ltd. He has already worked on the interim audit work where his major focus was on internal controls review and planning for the final audit. He has just emailed you explaining that the finance director of Wholefoods Ltd has recently resigned, and that the company has requested that he, Paul Jones, be a member of the interview panel charged with finding a replacement finance director. Jack Hyland has been assigned to act as audit senior on the upcoming audit of Rowe & Co solicitors. During 2012, Rowe & Co acted for Jack’s parents in an action against Crowley Insurance Ltd relating to damages pertaining to house insurance flood cover. Crowley Ltd is also a client of DFA. 

Discuss the ethical considerations raised by the above matters. Subject: Auditing (Ireland)

Answer rating: 100% (QA)

As per the ETHICAL STANDARD OF AUDITORS IRELAND the auditor is not allowed to do nonaudit services a... View the full answer