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a). Explain the benchmarks for each of the three types of audits.
b). Explain the auditor’s ethical responsibilities with regards to integrity and professional behaviour.
c). During the audit, the auditor discovered that the Board Minutes of a large company indicated that a recently launched product had failed a safety test and was not in compliance with official safety requirements. The company decided to remove evidence of failure from the test records so that the failure would not be discovered by government inspectors. The finance director refused to make provisions for the consequences of the product failure because this will turn the recorded profit into a loss. The breach of the regulation he argued was purely technical with no bearing on the safety of the product.
Explain the action the auditor should take regarding the above matter and the impact on the audit report if the finance manager maintains his stance.Hi
I don’t know if you’re new to this site but it seems to me that you have the wrong idea about what we do.
Students study. They may come across areas that they don’t understand, even though they may have the question and answer in front of them. So they write in with their problem and we solve it.
We tend to restrict the service to individual points within an answer where the printed solution is causing a lack of understanding.
What we DON’T do is answer complete questions where the student probably has the answer already available. Nor are we very good at answering questions that the student has been given as home work or project work.
And finally, none of us likes to receive instructions – we’re passed that stage in our lives.
OK
That now has established the “rules”
Now, what’s your question? And what does the printed solution say in answer to your three previous instructions?
Let’s go from there 🙂
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