You have been employed as a new graduate in a small two-unit audit partner firm. A new
You have been employed as a new graduate in a small two-unit audit partner firm. A new client, wilet ltd, has approached one of the audit partners, James cook. Wiley ltd needs an audit done immediately and is prepared to pay the required fee upfront. James cook accepts the audit. All the audit staff have already been assigned to other clients; James approached you to do work. As a graduate. you have no previous experience; James gives you a two hour brief on basic auditing and sends you to the new client Wiley Ltd, with a copy of the audit program from another small client to use as the basis of his work. You are instructed to bring working papers back to James when finished.
Indicate which quality controls guideline has been breached and why its a breach.