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Scenario 4 Mr. Wassim Akram an auditor has been invited by one of his relatives, Mr. Salim Malik who is the Finance Director of Muscat

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Scenario 4 Mr. Wassim Akram an auditor has been invited by one of his relatives, Mr. Salim Malik who is the Finance Director of Muscat Tiles Manufacture Company. Mr. Wassim Akram has studied the control system and verified the books of accounts. He found certain misstatements. Enquired Mr. Salim Malik on misstatements, but Mr. Salim Malik could not provide a satisfactory reply. However, Mr. Salim Malik has promised Mr. Wassim Akram for future appointments, if he expresses a favourable reply. Question 4: Discuss five ethical threats which may affect the independence of Mazars Company in the audit work in line with Code of Ethics)

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