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Codes of Professional Ethics [10 marks total - 5 mini-scenarios @2 marks each] For each of the five following mini-scenarios, Identify the following: [A]
Codes of Professional Ethics [10 marks total - 5 mini-scenarios @2 marks each] For each of the five following mini-scenarios, Identify the following: [A] Which of the five fundamental principles of professional accounting ethics has been breached? [B] Explain what the implication is why is this concerning? - SCENARIO: [2 marks - respond to [A] and [B] above for each scenario] Your expanding PA firm agreed to conduct the audit of a publicly traded company that uses some complex accounting methods and the company prepares their financial statements using IFRS. Your existing audit client base is comprised of all medium sized private companies that prepare their financial statements using ASPE.
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