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American Accounting Association (AAA)- Ethical Issues and Decision Models

   

Added on  2020-02-24

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Running head: AUDITING THEORY AND PRACTICEAUDITING THEORY AND PRACTICE Name of the StudentName of the UniversityAuthor’s Note
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1AUDITING THEORY AND PRACTICE Executive SummaryThe main interpretation of the study is intended to address the legal and the ethical issues whichneed to be considered by the audit division at Miller Yates Howarth (MYH). The mainconsideration of the study will consist of application of “American Accounting Association(AAA)” based on the ethical issues and the decision models. The recommendations of the studyhave shown an effective use of the model. The final section of the study has been seen with therelevant application of the case laws which has been prepared as per the recommendations madeby the managing partners at MYH. The considerations of the ethical issues have been consideredas per the activities of Morgan Fertilisers Pty, who has changed its contractor to the DumparoundLtd. for management of waste. The ethical concern has been considered as per the investigationmade by Dumparound Ltd. for waste management at one of the sites. The contract made betweenDumparound and Morgan Fertilisers is seen to be investigated by the local council norms and thetoxic level in one of the sites. The contract between Morgan Fertiliser and Dumparound has notbeen able to specify for any damages and has not been signed by Dumparound Ltd. The mainaspect of the contract is held substantially for last 3 years and has concerning issues for Jacqui.
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2AUDITING THEORY AND PRACTICE Table of ContentsIntroduction......................................................................................................................................3Answer to Question1.......................................................................................................................3Answer to Question 2......................................................................................................................6Conclusion.......................................................................................................................................8
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3AUDITING THEORY AND PRACTICE Introduction“American Accounting Association (AAA)” incorporated in 1916, is seen to be having areputable and rich history for holding premier community of the accountants in academia. Thediversity among the membership has been able to create an environment with appropriateinnovation and collaboration.The study is intended to address the legal and the ethical issues which need to beconsidered by the audit division at Miller Yates Howarth (MYH). The main consideration of thestudy will consist of application of “American Accounting Association (AAA)” based on theethical issues and the decision models. The recommendations of the study have shown aneffective use of the model. The final section of the study has been seen with the relevantapplication of the case laws which has been prepared as per the recommendations made by themanaging partners at MYH.Answer to Question1AAA ModelDetermination of FactsThe given case is considered as per the consideration made by the MYH accounting firm.This is seen to mainly operate in NSW and Queensland. Morgan Fertilisers Pty has been furtherconsidered to be long standing client with the operations located in Tamworth and Toowoomba.Morgan Fertilisers has gone through recent changes as the contractors for the waste managementhas been changed to Dumparound Ltd. Jacqui Leaks one of the senior auditor has been seen to behaving the knowledge about the community activities and she has been seen to be having the
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