code of ethics for auditor, Auditing

Assignment Help:

B. The following situations involve a possible violation of the MIA ByLaws (on professional ethics, conduct and practice). For each situation, (1) decide whether or not the Code has been violated, and (2) briefly explain how the situation violates (or does not violate) the Code.

a) Fitri, a sole proprietor in pulic practice, plans to establish a separate department that will provide internal audit service to his audit clients.

b) Eco Pharmaceutical has traditionally been presenting the member of the audit team with New Year discount vouchers that can be used at any of its outlets in Malaysia. This year, because of the good company performance, each member is given a discount vouchers worth RM200.

c) Shukri Jamaluddin, CA, was traveling from Haadyai, Thailand to Sungai Petani, Kedah when he was pulled over by a custom officer at Bukit Kayu Hitam on suspicion of smuggling. He was convicted in court and was sentenced to 5 years in prison.

d) Kelley Brent, CA, is a partner in a one-office CA firm that audits Dane, Inc., a closely held corporation. Kelley''s sister was recently appointed as the chief financial officer for Dane, Inc.

e) On August 20, 20x6, Hank Anderson, CA and partner, was offered and accepted the engagement to audit the annual financial statements of Jernigan Corporation for the year ended December 31, 20x6. Preliminary work began on the audit on September 15, 20x6 and the engagement ended on March 7, 20x7. Jernigan is regulated by the SEC. Hank served as controller of Jernigan Corporation from December 1, 20x2, until April 10, 20x6, at which time he terminated his employment with Jernigan.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages

code of ethics for auditor, Auditing

Related Discussions:- code of ethics for auditor

Companies modes of operation, Companies Modes of Operation Some compani...

GOODWILL in group, audit procedures in business combination conserning Good...

Necessity of transactions with related parties, Necessity of Transactions w...

Permanent audit file, Permanent Audit File The permanent audit file mi...

What is an audit and why there is need for an audit, Question: (a) What...

Operational auditing, phases of operational auditing reports

What is the role of audit trainee in managing the discrete a, what is the r...

Verification, discuss the verification procedure of current assets and long...

Types of audit, what is statutory audit and private audit

Communication on fraud suspection, Communication: Whenever the auditor...

Write Your Message!

Featured Services

Online Tutoring

Project Development

Exam Preparation

Course Help

Assignment Help

Popular Subjects

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT