Answering the question — OpenTuition Forums

SSimon7y ago

Kim, Question asks for ethical and professional issues.... question involves intimidation threat and restriction of auditors duties... The solution suggests the "Impact on the financial statements" presumably as a professional issue however I struggle with this as regardless of the dilemma or issue, the audit process and result should be solid if delivered in the right way, planned, coordinated, supervised, reviewed etc Why is there a professional / ethical issue in relation to the FS, seems a little tenuous.... or could we always use this within this context?

KimTutor7y ago#1

But if through intimidation (for example) you cut corners the quality of the audit would be compromised. Quality of the audit is a professional issues (competence, due skill and care, etc).

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