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What standards were violated and why

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Q1. Majdi has a degree in accounting from BZU and works for a local accounting office. He was asked by a friend to prepare Financial statements for a small company in Ramallah.

To help his friend Majdi prepared the financial statements and a report indicating that the financial statements were audited by him.

What standards were violated and why?

Is there a violation of the elements of audit quality control, briefly discuss?

Q2. Mira A Certified Public Auditor licensed in Palestine is the partner in charge of Ooredoo audit. In order to save cost, she hired a group of students from Al-Najah University to help her conduct the audit. A month later Mira received the audited financial statements and the report from the students. She signed it and send it to the board of directors of Ooredoo.

What standards were violated and why?

Is there a violation of the elements of audit quality control, briefly discuss?

Reference no: EM132644145

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