According to the principle of professional competence a professional accountant takes up a program designed to provide quality services that are consistent with technical and professional standards in order to: Compete with the professional competence levels of his colleagues Maintain the professional competence levels Evaluate the professional competence levels Apply professional competence to deceit the client Shajas Ship Building Company was started The purpose of corporate governance is to protect the whistleblowers. Al Shajas Ship Building Company was started in the year 2021. The management of the company established and implemented procedures to ensure safeguard to the whistleblowers. Which one of the following is the reason for the company to do so? Al Shajas Ship Building Company established and implemented procedures to offer support to the internal audit departmen Al Shajas Ship Building Company established and implemented procedures as a tool for effective management Al Shajas Ship Building Company established and implemented procedures as a tool of public relations Al Shajas Ship Building Company established and implemented procedures to resolve the complaints received by the comp Question 3 Hot yet The purpose of internal audit is to detect the errors in the accounting records. According to you, which one of the following is an error? riswered arked out of 200 - Flag Bills received from a customer during the month May as per financial records stood at OMR 2250 when the actual receipts was OMR 25 Overvaluation of trucks and cars in the balance sheet of the company by OMR 2000 Purchase of Machinery for OMR 2550 is mentioned in the accounting records as OMR 2505 ot yel Office and administration expenses stood inflated to the extent of OMR 5750 Questo