False Assurance Assignment (Doc)

FALSE ASSURANCE

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
QUESTIONS...................................................................................................................................1
1. Provide brief introduction for these three persons..................................................................1
2. Responsibilities of TYSL accountants in relation to prevent and detect frauds and errors in
D-MERTON................................................................................................................................2
3. Three ethical which may affect independence of TYSL accountants to conduct audit of D-
MERTON and how to reduce it..................................................................................................2
4. Two inherent risks and how to control in by TYSL accountants to respond each risk in
planning and audit.......................................................................................................................3
5. How cancellation the product and system affect to D-MERTON's financial position...........4
6. Do you believe that Sarah Hancock has exercised her duty as the care audit partner ...........5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
False assurance determines film drama which created to facilitate in discussion about
accountants, auditors and company directors. In this aspect, people act when they face difficult
situation (Buchanan, 2014). Present study based on D-MERTON in which different types of
financial performances has been explains with generic themes and setting. For gaining insight
knowledge of the company, it covers responsibilities of TYSL accountants to prevent and detect
frauds.
QUESTIONS
1. Provide brief introduction for these three persons
Perso
n A
He is Alex Frayn who Chief Financial Officer. As the CFO
of D-MERTON, he is responsible for the every activity of
the enterprise which performed in the past, present and
future as well. Furthermore, Alex also taking responsibility
for future financial situation and risk as well. His duty is to
predict best and effective economy strategy that forecasting
to make prediction for successful operations within the
future. In addition to this, he is also responsible towards
stakeholders due to many decisions based on the financial
information which accurate so that it require in accuracy.
Perso
n B
She is Liz Harris who is positioned on Audit Committee
chair. She is responsible in D-MERTON for oversight of
financial reporting and disclose them. Among all board
members, she responsible for making on regular basic
reports.
Perso
n C
She is Sarah Hancock who is audit partner and responsible
for signing and approving the firm audit report. She works
on financial statement of client and manages it. The audit
partners are responsible to all the clients and employees
those admitted and made financial investment.
1