Discuss the underlying reasons behind the appearance at the Company Auditors Discipline board of Reginald Williams.

(1)What happened with regards to LM including why LM was audited given its nature and the law covering which organisations require an audit.

(2)Legal issues both from a statue perspective (corporate law) and other legal issues.

(3)Ethical issues

(4)Format, Presentation Quality and Demonstration of Research

Learning Outcomes

a. Explain and apply the principles, practice and process of auditing to practical situations.

c. Compare and contrast the organisation's and the auditor's responsibilities for an audit.

d. Explain the importance of planning an audit and distinguish the steps involved.

e. Identify and critically evaluate the risks inherent in an audit.