University : University of Tasmania UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : BFA713
Assignment Task :

Required: (BFA713)

 Based on the Q FOR case above, and the topics related to the fundamental principles of professional ethics (covered in Week 2) you need to reflect on the following: 
 

Part A

Describe two (2) fundamental principles of professional ethics as stated in APES110, which their engagement partners had breached during the audit engagements for the periods 2013 through 2016.1  
 

Part B   

 Describe two (2) potential threats2 to auditor’s compliance with the fundamental principles that might have contributed to the false representation of the financial statements and audits. 

 

PART A For Part A, you need to be specific as to which auditor’s action had caused a specific principle to be breached. You need to ensure this criterion is met to receive full marks. Please refer to the brief example below. Note that you cannot adapt the example below for your use. It is expected that your response would be more comprehensive than the example below to demonstrate further your ability to research and reflect potential ethical issues in practice.  
 

PART B For Part B, you need to also be very specific as to which two (2) potential threats stated in section 200.3-8 of APES 110 pertain to this particular case. You need to relate each potential threat to a specific circumstance that makes you believe that that particular threat may have contributed to SL's non-compliance with the fundamental principle(s).

 

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  • Posted on : March 31st, 2019

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