You have been assigned as the audit team leader of
Bank Salalah, a medium-sized bank, for the end of year audit. Your
firm is a newly appointed audit firm of the bank. The bank has been
operating in the last three years and has a plan of establishing
its second branch to be located also in Salalah. Informal
discussions with some employees disclose that employees are happy
with the bank because “there are just few rules to follow”.
However, your...