Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Chapter 4, Problem 53RSCQ

a.

To determine

Concept Introduction:

Decision Making−It is the process of making choice by identifying the decision, collecting relevant information and choosing possible alternatives.

The ethical dilemma.

b.

To determine

Concept Introduction:

Decision Making−It is the process of making choice by identifying the decision, collecting relevant information and choosing possible alternatives.

The framework that helped in deciding to reveal the mistake.

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Students have asked these similar questions
a) Describe an ethical dilemma. How does a person resolve an ethical dilemma?          b) Why is there a special need for ethical behavior by professionals? Why does the need for ethical requirements of Auditors differ from other professions?                                        c) Why is an auditor’s independence so essential?            NB:Please to provide answers question A, B and C
KPMG is the auditing firm for Tech Corporation, a listed computer software company. The audit team assigned to perform the audit includes an Audit Manager, a Senior Auditor and three Audit Assistants. No member of the team has updated their knowledge or experience on IT or the business processes of an IT company. Based on the given scenario answer the following question numbers 29, 30 and 31: What is the appropriate course of action in the given situation? O a. KPMG should file for bankruptcy and close their auditing firm O b. KPMG should place team members who has updated knowledge and skills in IT business processes O c. KPMG should file a complaint against Tech Corporation O d. KPMG should complete the audit engagement with the current audit team
Which ethical principle is violated by an auditor who discloses information for personal gain? a. Confidentiality b. Objectivity c. Competency d. Integrity

Chapter 4 Solutions

Auditing: A Risk Based-Approach to Conducting a Quality Audit

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