Professional Guidance

AAA – May 2016 – L3 – Q2a – Ethical Issues in Auditing

Discuss the importance of ethical guidance for accountants in addressing money laundering concerns.

Question

(a) Comment on the need for ethical guidance for accountants on money laundering.
(5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance, Ethics, ICAEW, IFAC, Money laundering, Professional Guidance
Level: Level 3

Topic: Ethical Issues in Auditing

AAA – Nov 2017 – L3 – Q3a – Current Issues, Professional Responsibility and Liability

Evaluate potential money laundering issues in an audit client and discuss the need for ethical guidance for accountants on money laundering.

Question

Sampa Sawmill Ltd. is a company located in the Eastern Region of Ghana, involved in the exportation of wood products to overseas countries. Sampa Sawmill Ltd. is of late being accused of involvement in money laundering. Sampa had been an audit client of Tetteh and Associates, a firm of Chartered Accountants for the past three years.

Required:

i) As an Audit Manager of Tetteh and Associates in charge of Sampa Sawmill Ltd., evaluate the issues you will consider to prove or disprove the allegation. (5 marks)

ii) Discuss the need for ethical guidance for professional accountants on money laundering.

(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ethics, Money laundering, Professional Guidance, Risk Assessment
Level: Level 3

Topic: Current issues, Professional responsibility and liability
Series: NOV 2017

AAA – May 2016 – L3 – Q2a – Ethical Issues in Auditing

Discuss the importance of ethical guidance for accountants in addressing money laundering concerns.

Question

(a) Comment on the need for ethical guidance for accountants on money laundering.
(5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance, Ethics, ICAEW, IFAC, Money laundering, Professional Guidance
Level: Level 3

Topic: Ethical Issues in Auditing

AAA – Nov 2017 – L3 – Q3a – Current Issues, Professional Responsibility and Liability

Evaluate potential money laundering issues in an audit client and discuss the need for ethical guidance for accountants on money laundering.

Question

Required:

i) As an Audit Manager of Tetteh and Associates in charge of Sampa Sawmill Ltd., evaluate the issues you will consider to prove or disprove the allegation. (5 marks)

ii) Discuss the need for ethical guidance for professional accountants on money laundering.

(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ethics, Money laundering, Professional Guidance, Risk Assessment
Level: Level 3

Topic: Current issues, Professional responsibility and liability
Series: NOV 2017

Question Tag: Professional Guidance

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AAA – May 2016 – L3 – Q2a – Ethical Issues in Auditing

Discuss the importance of ethical guidance for accountants in addressing money laundering concerns.

AAA – Nov 2017 – L3 – Q3a – Current Issues, Professional Responsibility and Liability

Evaluate potential money laundering issues in an audit client and discuss the need for ethical guidance for accountants on money laundering.

AAA – May 2016 – L3 – Q2a – Ethical Issues in Auditing

Discuss the importance of ethical guidance for accountants in addressing money laundering concerns.

AAA – Nov 2017 – L3 – Q3a – Current Issues, Professional Responsibility and Liability

Evaluate potential money laundering issues in an audit client and discuss the need for ethical guidance for accountants on money laundering.

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