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Please state the code has been violated and the reason 1-20 Each of the following situations involves a possible violation of the MIA'S By-Laws. For
Please state the code has been violated and the reason
1-20 Each of the following situations involves a possible violation of the MIA'S By-Laws. For each situation, state whether it is a violation a. Johan Badescudin is an auditor, but not a partner, with 3 years of professional experience with Lili & Co. He owns 25 shares of stock in an audit dient of the firm, but he does not take part in the audit of the client, and the amount of stock is not material in relation to his total wealth. b. In preparing the personal tax returns for a client, Fiona Asan, an auditor, observed that the deductions for contributions and interest were unusually large. When she asked the client for tell you no lies. Allen completed the return on the basis of the information acquired from the client. c. A non-audit client requests assistance of famil , an auditor in the installation of a local area network. Jamil had no experience in this type of work and no knowledge of the client's com puter system, so he obtained assistance from a computer consultant. The consultant is not in the practice of public accounting, but Jamil is confident of his professional skills. Because of the highly technical nature of the work, Jamil is not able to review the consultant's work. d. Five small Alor Star, CA firms have become involved in an information project by taking part in an interfirm working paper review program. Under the program, each firm designates two part ners to review the audit files, including the tax returns and the financial statements of another CA firm taking part in the program. At the end of each review, the auditors who prepared the working papers and the reviewers have a conference to discuss the strengths and weaknesses of the audit. They do not obtain authorisation from the audit client before the review takes place Step by Step Solution
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