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Study Of Ethical & Legal Issues In MYH Audit Division

   

Added on  2020-02-24

12 Pages2871 Words41 Views
Running head: AUDITINGAuditingName of Student:Name of University:Author’s Note:

AUDITING1Executive Summary:This specific study comprises the application of the “American Accounting Association (AAA)”ethical decision model which clears the ethical reasons related to the given case study. The studyaims to address numerous kinds of ethical and legal issues requiring to be considered at theMiller Yates Howarth (MYH) audit division. Numerous kinds of recommendations for the studyhave also been considered connected to the use of a particular model. The next segment of thereport consists of the relevant case laws as also the equipment for the recommendations for themanagement partners of the MYH. The major findings in connection to the Oasis Ltd. foundunder huge amount of pressure from the client for completion of the audit within the stipulatedtime period is within one month of the mentioned date. This requires to be based on the mostimportant decision of the court as to the decision to hold the MYH for negligence or not.

AUDITING2Table of ContentsIntroduction:....................................................................................................................................3Answer to question 1:......................................................................................................................3AAA Model:................................................................................................................................3Determination of Factual Matters:...............................................................................................3Ethical issue identification:..........................................................................................................4Important principles, values and rules identification:..................................................................4The possible alternatives and their specification:........................................................................4Comparison of the values and the alternatives:...........................................................................5Identification of the alternative access of the consequences:......................................................5Recommended decision:..............................................................................................................6Answer 2:.........................................................................................................................................6Report for the managing partners of the MYH:...........................................................................6Conclusion:......................................................................................................................................8References......................................................................................................................................10

AUDITING3Introduction:In the year 1916, the “American Accounting Association (AAA)” was founded. It isconsidered to be having a reputable and a most important history for possessing a place aspremier accountant community in academia. The different natures of membership are able tocreate a culture having collaboration as well as innovation.The report aims to address different types of legal as well as ethical causes that require tobe considered at the Miller Yates Howarth audit division. The discussed study, needs to possesthe application of the AAA ethical decision model showing the moral issues that are related tothe case study. Several types of recommendations for the study are also thought to be useful forthe model. The other part of the report utilizes the relevant law cases as well as the requiredrecommendations for the management partners at the MYH.Answer to question 1:AAA Model:Determination of Factual Matters: The given case associated to the accounting firm, namely MYH, operates mostimportantly in Queensland and NSW. The Morgan Fertilizers Pty, is considered to be one of themost significant and primal clients of the organisation that has its operative aspects locatedacross the places like Toowoomba as well as Tamworth. It was one of the senior audits, Jacquiwho possessed wisdom relating to the community functions. It was also known for certain thatinvestigation was been carried out in the Dumparound Limited for the kind of toxic waste at oneof the significant sites (Feng at al. 2014). The waste management contractor to the DumparoundLtd. was changed not much long ago by the Morgan Fertilizers.

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