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Based on the given scenario above, answer the questions given below.
Your answers should be supported with proper justification in line with principles and theories in auditing and should be refer to the relevant literature review. You also can include diagrams. charts and tables of information to support your arguments and specification.
Task 1
It's important that the auditor should complied with fundamental principles and ethical behaviour while accepting and conducting audit. Explain fundamental principles and ethical conduct that the auditor should always need to maintain with client.
Task 2
Discuss the conduct of Mr.George in his profession as auditor, whether he fulfilled the necessary qualities as auditor, and explain what are the appropriate action that the audit firm can take as safeguard to ensure the ethical conduct of the Peter & Co.
Task 3Comment critically on Ms.Nancy's acceptance of the bank audit and explain what are the necessary steps need to be taken before accepting an audit for the audit firm.
Attachment:- Case.rar
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