CODE OF ETHIC
Prepared pertaining to:
Madam Fairuz bt Fauzee
Nur Rabiah bt Radzi
Nur Hidayah bt Johari
Nurul Hanisah bt Hasan
Rohayu bt Rashid
1 . There is violation of ethical execute under specialist independence( Financial interest). it is because Wani not take part in the audit of the client plus the value of her stocks and shares is not really material regarding her hubby wealth.
2 . In line with the By-Law honest conduct and ethics, there is also a violation. It truly is violated since there is threats to independence which can be familiarity risk. As in the case, there is friends and family relationship between Fahmi and hid son who is a great engineer in Idaman Bhd.
- Freedom (intimidation risk
- This situation occur when the consumer start a lawsuit against auditors
-- Both get together cannot controlled well and provides the impact within the decision making
4. Generally there have infringement of moral conduct (method of practices). Amien need to being skills and credited care. Auditor must be qualified under section 8 Business Act 65, that the candidate must be a part of MIA under category Chartered Accountant. The basic guideline to be approved company's auditor is that the person must be appropriately qualified.
1) We have a no breach of execute when Mister. Jaya to obtained cash advance from Bumiputra Sdn, Bhd, a low audit client because it is a non-client taxation. It legal documents a breach of the loan to or perhaps from consumer or assure of asking for for or perhaps by client.
2) There exists violation of conduct when Mr. Jaya to provided to be an auditor of Aman Sdn. Bhd even he know the staffs aren't competent enough to carry out the audit. Since as a great auditor they should have an official education in accounting, sufficient practical experience intended for the work staying performed and continuing specialist education. The auditor ought to act diligently in...