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fund threats or safeguard Q #2 Hussain Tarar is the audit partner responsible for the audit of Petra Travels (Private) Limited (PTL). The chief executive

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fund threats or safeguard

Q #2 Hussain Tarar is the audit partner responsible for the audit of Petra Travels (Private) Limited (PTL). The chief executive officer (CEO) of the company has informed Hussain that due to liquidity issues amid COVID-19, several employees including some staff members of finance department left the company. CEO has therefore requested Hussain to provide two staff of the audit firm for some time to run the finance department. Required: In the light of Code of Ethics for Chartered Accountants, discuss the threats in the above scenario and suggest appropriate safeguards

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