In: Accounting
Accounting 339 Case 1
1. Mohammad Hasan is a partner in a Big 4 accounting firm, he hired
accounting students from your University to conduct the audit of
Bank of Palestine. When the audit was done here ceived the audit
report and signe dit. There port was issue done day later.
2. Your mother in law is a majority shareholder in Jawwal, you are
hired by the company to conduct an audit you conducted the audit
and issued your report.
3. Ahmad CPA and Ali a CMA formed a Partnership to provide Audit
services. The company was named the nice Audit CPA firm.
4. Samir a CPA advertised has practice on web siting several
prominent clients of his firm, he also included links to the
client’s websites and quotes from his happy clients.
5. Hania a CPA was talking with her husband about her work she
mentioned some client’s information to prove her point.
6. Hanin a CPA in a local accounting Firm when one of her clients
did not pay his bills she informed them that she will not give them
their records and supporting documents until they pay.
7. Adel a CPA to supplements his income by worked as a bartender at
the Movenpick hotel.
8. Majed while auditing the Palestinian Leasing Company discovered
a violation IFRS 16. The company indicated to him that this
violation is not Material and that following IFRS 16 will make the
financial statements misleading accordingly he issued a standard
report.
9. Majeda audited a company for three consecutive years without
receiving any fees.
Required
For each case indicate the violation of the code of ethics. Explain
your answer by
also indicating the standard violated. In case there is no
violation indicate so with
your reason for your answe