Identify, with a brief explanation which of the fundamental principles have not been complied with in each of the situations above.(Each situation may amount to non-compliance with more than one principle)

1.Case 1 Because the budget for the audit of Afrimat Ltd would be exceeded and because he felt that, he had a competent audit team, A Smith the registered auditor in charge of the audit decided not to spend the necessary time on reviewing the work papers of the audit team.

2.Case 2 Clark Parker the registered auditor in charge of the audit of Datatec Ltd, made racist comments concerning the clients staff during the audit planning session.

3.Case 3 Scott Temple, the registered auditor in charge of the audit of Crookes Brothers Ltd, failed to identify the misapplication by the client of an important accounting policy. The misapplication resulted in a material overstatement of the companys profit.

4. Case 4 During the planning stage of the audit of Delta Financial Services Ltd, a company which invests money on behalf of its clients, Andre Richter the registered auditor in charge of the audit, was given access to the investment strategy which the company intended to adopt. Andre noted the listed shares which Delta Financial Services Ltd intended to purchase and instructed his own stockbroker to immediately purchase a number of these shares for Andre Richters family trust.