Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are an audit manager in Ecco & Co, a firm of Chartered Accountants. At the monthly audit managers' meeting, the following client situation was reviewed and discussed.
Ecco & Co provides audit service to CF Co, a national financial services organisation. Due to a number of errors in the recording of cash deposits from new customers that have been discovered by CF Co's internal audit team, the directors of CF Co have requested that your firm carry out a review of the financial information technology systems.
Jin Sayed, who is one of the juniors on the team auditing CF Co, is also a recent graduate in information technology and accounting. He was left on his own to audit a section of cash at bank when the in-charge senior was away from the client's office for three days on medical leave. On day, at the client's office, he spent three hours advising the client's internal audit team on how to improve the system. As far as you know, this advice has not been used by the internal audit team.
Required:
Explain:
a. The ethical issues raised regarding Jin Sayed offering advice to the internal audit team
b. How they could be avoided (Cite where appropriate, the Code of Ethics and audit standards)
Hire-Purchase and Sale The hire-purchase transaction is such not a sale since, according to the definition like: (i)There is no seller or buyer. Such like the parties are the
Statutory report - meetings and resolutions: Contents of the statutory report. Section 130(3) provides that the statutory report shall be certified by not less than two direc
Gist of Lord Buckleys statement: The gist of Lord Buckley's statement, above, may be summarised as follows: The judges will not regard a transaction undertaken by a company as
Mr. Andrew is the Chairman of Board of Directors of Stylish Garments plc. He believes that the success of the business depends mainly on a committed, loyal work force. Therefore th
Ratification of Corporate Acts: A number of English cases which are regarded as instances of lifting the veil are those relating to informal ratification by the members of act
1. Please list and explain the non renewal- time lines for teachers. 2. Are there any changes to this under new legislation relative to House Bill 153 and or House Bill 555? An
QUESTION 1 Write in detail on the following (a) Agency shop orders and (b) Decrease from the remuneration of a worker for the employer's benefit QUESTION 2 An indust
Chartered Companies: A chartered company is formed when the Queen or King of England issues a charter, or "letters patent", to a group of people who intend to carry on a busin
Determine the Case against Coordination Coming again to EMU platform we find some arguments against coordination also. For example, the core of the argument against coordinatio
General rules on statute-barred debts: A statute-barred debt should be rejected since it is not legally enforceable. But in a members' voluntary winding up the liquidator may
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd