Question
Please help me in this question below (highlighted in bold) but first of all understand what is the question really about. For the senario given
Please help me in this question below (highlighted in bold) but first of all understand what is the question really about. For the senario given below, identify the relevant section provided in APES 110 which indentify how to deal with the issue.
Matthew Damon has been appointed as a junior auditor of AwesomewaterhouseCoopers (AwC). One of his first tasks is to review the firms audit clients to ensure that independence requirements of APES 110 (Code of Ethics for Professional Accountants) are being met. His review has revealed the following:
Wendy Machineries Limited (WML) has been an audit client of AwC since the past two years. AwC has recently completed a review of internal controls for WML. AwC has been requested by WML to take responsibility to implement a new software system that will form a significant part of internal controls over WMLs financial reporting process and run a three hour training session for its accounting staff.
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