Expert Solutions on APES 110

Situation Assessmenta) The Principle of Confidentiality along with the Principle of Integrity has been challenged in the given case. In accordance with the principle of confidentiality, the auditor is required to maintain the confidentiality of each and every document that he obtains during the course of the audit of that company. Also he is not required to disclose or share the verbal material information of the client with anyone else (Tsahuri...

Overview of Conversations Highlighting Breaches of APES 110 and Auditing Principles The applicable threat associated with each of the conversations presented below is as identified below. Conversation 1: Chris, LTH’s CEO communicates to the audit manager of CJI that the board would like to extend the association by awarding the audit contract but it would be dependent on the extension of a favor by Geoff whereby he would have to deli...

Violation of ethical standards in sharing client information1.In this scenario, the ethical requirements of the APES 110 are been violated because the professional ethics never permit the company to disclose any of the information that are gathered while auditing and security procedures regarding any client without his permission (Trevino and Nelson 2016). The Mortdale accounting company has organized audit of different public companies and f...

Enron scandal and audit qualityAfter applying the applicable sub-standards of audit for concluding their performance on uncertainty in getting the assurance. It was analyse that the major stakeholders are open to risk. This includes the auditor as well. The base of the report is stakeholder analysis. The report provides the evaluation of the impact as the material misstatement is not identified. In the second part of the report concepts of APE...