Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics 4th Edition

Case 2.6 Page 78

1. Refer to the fundamental principles governing an audit. Under the respon-sibilities principle, auditors are required to exercise due care and maintain professional skepticism throughout the audit. Based on the case information, discuss the ways in which the BLMIS auditor, David Friehling, disregarded his responsibility to uphold the fundamental principles governing an audit