1- You are the external auditor of Oman United Engineering Services LLC (OUES) is one of the largest, multi-disciplined engineering, contracting and construction company in the Sultanate of Oman. As an Auditor of the company, how can you ensure the reliability of its financial statements.

2) National Detergent Company SAOG (NDC) is one of the leading manufacturing companies in the Sultanate of Oman. NDC manufactures and distributes a wide range of highly reputed and successful brands covering various segments like detergents powders, liquid detergents, soaps, shampoos, and other household cleaners. Assume yourself as an Internal Auditor of the Company, Identify and discuss the values does the Internal Audit provide to the National Detergent Company.

New Horizon Publishing Company is one of the leading publishing companies in Oman working in Books, Book Publishers business activities. You are the External auditor of the company and you are provided with its financial statements for the year 2021. As an External Auditor of the company, how would you examine the Intangible Assets appearing on the balance sheet of the company. Discuss.

You have been the Accounts Manager of a Silk World LLC Sohar, for five years. Its yearend is 31st December 2021, and you are finalizing the year end accounts. You have recently been advised by the stores manager of a significant level of slow-moving stock. The stock in question is now more than twleve months old and would normally have been written down some months previously. The shareholders of Silk World LLC are trying to sell the company, and the managing director (the majority shareholder) has told you that it is not necessary to write down the stock in the year end accounts. You are sure that the managing director wants the financial statements to carry an inflated stock valuation because he has found a prospective buyer. The managing director has indicated to you that, if the proposed deal is successful, all the employees will keep their jobs and you will receive a pay increase.

a) Identify the code of ethics related this case and justify it. (2 marks)

b) Specify the threats associated with this case and Justify it. (2 Mark