Question
Too and Ren are auditors of Moneycome Berhad, a biscuits manufacturer. The financial director has left the company to take up another post and Moneycome
Too and Ren are auditors of Moneycome Berhad, a biscuits manufacturer. The financial director has left the company to take up another post and Moneycome have so far unable to find a suitable replacement. They have therefore asked Too and Run to be responsible for the preparation of the financial statements for the ending 31 December 2014 as part of the audit. Moneycome have also asked Too and Run to - Help them in design dan select a new Good Service Tax compliant accounting system - Assist in finding a new financial director - Discuss at a board meeting the dividend to be paid. The company is also subject of a possible takeover bid and wants Too and Run to act for the, in rebutting statements made by the takeover bidder. During the audit, the audit team find that the company are breaching halal guidelines and they suspect some bank transactions with an offshore based bank.
Required Explain the ethical implications for Too & Run and how far they can ethically go in helping their client. [30 marks]
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