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

Auditors procedures before stock taking, Auditors Procedures Before Stock T...

Audit procedures for obtaining audit evidence, AsList and define five audit...

Marginal costing, methods of determining break even point

Examination of Deeds, Examination of Deeds Make Sure that the mortg...

Materiality, what is materiality?

Group auditing and holding campnies, what a group auditing and holding camp...

Demonstrate knowledge of the current tax-auditing , 1. Demonstrate knowledg...

Explain statutory audit, It is a compulsory audit Completed by a CA. Fin...

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

Assignments, Describe the factors which decide the broad area of Scientific...

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