General Ethics and Principles As Per APES 110 2018

2018
General Ethics and
Principles As Per
APES 110

1
By student name
Professor
Date: 15th May, 2018.
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Executive Assessment
In this assignment, we shall discuss the objectivity of the professional members, their
responsibility, code of conduct, fundamental principles, compliance, etc. Performing the work of the
company and meeting their requirements is not the sole purpose of rendering any service. One has to
consider that the services rendered shall be in good faith, and in the best interest of the public. The
members shall be intergral in their approach and shall make sure that their decisions shall not be
subordinate to the wishes or another person. He shall be independent and shall not have any fiduciary
relationship with the client. The auditors shall have to be competent, also has to maintain
professionalism and perform his work with due skill and care. In this assignment we have discussed
about different scenarios that the auditor’s responsibility or the fundamental principles have been
violated due to the lack on their part. We have critically examined each cases and have also mentioned
which fundamental principle has been impaired due to the violation on the part of the auditors,
including the reasons behind the same.
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