Question Two

You are an expert in forensic accounting in WHC Chartered Accountants. In a recent meeting reviewing the performance of your firm, the engagement partner noted that your firm has recorded a remarkable increase in the number of clients requesting for forensic accounting services from your firm.

Required

1. Describe how the fundamental principles of the IFACs Code of Ethics for Professional Accountants apply to the provision of forensic accounting services.

2. Comment on the statistics on illegal acts such as fraud in Zambia and worldwide and why investigating such illegal acts is a challenge to forensic Accountants. 25 marks