https://www.businessinsider.co.za/how-berniemadoffs-ponzi-scheme-worked-2014-7? r=US&IR=T [Accessed on: 30 September 2022]

Question 1 (20 marks)

Discuss at least ten (10) principles per the King III code that must have been breached for this scandal to take place. Tabulate your response showing all the principles and assess if any of them have been breached. Use the facts from the case study to support and explain your response.

QUESTION 2 (20 Marks)

Discuss the stages you, as the auditor, will follow to Audit this company and where would you focus your attention during the Audit. Your response must be structured with an introduction and conclusion as well as clearly marked subtitles (eg Introduction, for each topic discussed to include theory and justification of focus.