- This topic has 1 reply, 2 voices, and was last updated 2 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Acceptance of Audit Engagement
During the financial year 2020/2021, you are one of the audit partners with Summit and Associates CAs, a large and experienced audit firm. You have been approached to accept the audit of Chem Safe Ltd (Chem Safe), a medium-sized chemical manufacturer. The manufacture of the chemicals results in highly toxic waste and Chem Safe is currently under investigation by the Environmental Protection Agency for a significant spill of toxic chemicals into a nearby river. The media have reported that senior employees were allegedly involved in trying to cover up the spill.
Required:
Identify and explain the key ethical matter regarding Chem Safe and its management that you should consider before making the decision to accept the engagement.
It is not the purpose of this tutor forum to provide answers to course assignments, etc. I can help you if you have questions concerning OpenTuition’s AAA materials or ACCA’s AAA resources.