Describe how accountants meet obligations

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Reference no: EM133005410 , Length:

In your own words, answer ONLY TWO (2) of the following six (6) Short Essay Questions below. Refer to the relevant ISA where appropriate and reference any sources using the correct in text citation protocols where necessary. Do not use any direct quotes. They are not required.
Students are to type in their responses using their own words Each question requires 1,000 words each.

Question 1 Describe how accountants meet their obligations to help prevent and detect money laundering including record keeping and reporting of suspicion to the appropriate regulatory body. Refer to the Australian Securities and investment Commission (ASIC) in your response. (1,000 words)

Question 2 Discuss one (1) emerging ethical issue and evaluate the potential impact on the profession, firms and auditors. How should ethical Issues be resolved?

Total word limit for BOTH Questions is 2,000 words.

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The report is a collection of answers to two septic questions.The first is about the role of accountants in preventing the ML(money laundering). The second question is about the emerging ethical issue and impact of the same on the firm, profession and the auditors. Each question answered in 1000 words and references are included as well.

Reference no: EM133005410

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