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Explain that under the ifac standards informal advice

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Reference no: EM132620288

During the course of an audit, the client's controller asks your advice on how to revise the purchase journal so as to reduce the amount of time his staff takes in posting. How should you respond?

Question a. Explain that under the Code of Ethics you cannot give advice on MAS areas at the same time you are doing an audit

Question b. Explain that under the IFAC Standards informal advice of this type is prohibited.

Question c. Respond as practicable at the moment and express the basis for your response so it will be accepted for what it is.

Question d. Respond and take full account for the consequences of the recommendation.

Reference no: EM132620288

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