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a. Explain how the fundamental principles of the IESBA Code of Ethics apply to forensic assignments. (5 marks) b. You are a manager in the
a. Explain how the fundamental principles of the IESBA Code of Ethics apply to forensic assignments. (5 marks) b. You are a manager in the forensic investigation department of an audit firm. You have been approached by the financial director of Arnold Co to investigate a fraud. The finance director has identified a number of discrepancies between inventory records and the quarterly physical inventory counts which are performed. Their suspicions have been increased by the fact that the discrepancy always relates to the same product line and approximately the same number of items appear to be missing each time. Required Explain the procedures you would perform to determine whether a fraud has taken place and to quantify the loss suffered by the company
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