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    Isc - Case 2 Androids Under Attack Presentation

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    Pui Yan
    The document lists the group members of Phoon Pui Yan, Chan Pui Mun, Lian Cai Ying, and Nur Athilah Ahmad Rashdi. It then discusses issues around an auditor named David from Androids giving qualified or unqualified audit reports, shredding or not shredding audit working papers, and whether Androids should continue acting as the auditor for Enronaa given issues of independence, integrity, and management risk.

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    Isc - Case 2 Androids Under Attack Presentation

    Uploaded by

    Pui Yan
    190 views7 pages
    The document lists the group members of Phoon Pui Yan, Chan Pui Mun, Lian Cai Ying, and Nur Athilah Ahmad Rashdi. It then discusses issues around an auditor named David from Androids giving qualified or unqualified audit reports, shredding or not shredding audit working papers, and whether Androids should continue acting as the auditor for Enronaa given issues of independence, integrity, and management risk.

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    Isc- Case 2 Androids Under Attack Presentation

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    The document lists the group members of Phoon Pui Yan, Chan Pui Mun, Lian Cai Ying, and Nur Athilah Ahmad Rashdi. It then discusses issues around an auditor named David from Androids giving qualified or unqualified audit reports, shredding or not shredding audit working papers, and whether Androids should continue acting as the auditor for Enronaa given issues of independence, integrity, and management risk.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    190 views7 pages

    Isc - Case 2 Androids Under Attack Presentation

    Uploaded by

    Pui Yan
    The document lists the group members of Phoon Pui Yan, Chan Pui Mun, Lian Cai Ying, and Nur Athilah Ahmad Rashdi. It then discusses issues around an auditor named David from Androids giving qualified or unqualified audit reports, shredding or not shredding audit working papers, and whether Androids should continue acting as the auditor for Enronaa given issues of independence, integrity, and management risk.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 7

    Group Members :

    1. Phoon Pui Yan


    2. Chan Pui Mun
    3. Lian Cai Ying
    4. Nur Athilah Ahmad Rashdi
    Keep giving unqualified report Give qualified report
    or not

    • Androids will lose their license if • As an independent auditor,


    they are being convicted of David should have well known
    issuing materiality false and about their basic responsibilities
    misleading audit reports as this which is to give true and fair
    is the last chance SEC given to view of financial statement.
    Androids.
    • SEC may give leniency in
    punishing Androinds.
    Androids.
    To shred the audit working papers To not shred the audit working
    papers

    • Androids could have been • David should follow Nancy’


    convicted for violating the advice to be accordance with the
    document retention rule. policy by keeping the versions of
    the memos while discarding
    • This shows SEC that Androids drafts.
    has relationship to the fraud that • Allow the SEC to have free
    they try to conciled by shredding access to the audit working
    their working papers. papers in their investigation.

    • The working papers may be used


    as evidence in helping Androids
    from being fully liable to the
    fraud that Enronaa do.
     Yes - auditors are sensitive about their audit working papers.
     Auditors prepare and organise their working papers in a
    manner that helps the auditor carry out an appropriate audit
    service.
     Working papers is importance
     Woking papers provide evidence that an effective, efficient,
    and economic audit has been carried out.
     The name of the client
     The period coverd by the audit
     The subject matter
     The file reference
     The initials of the member of staff who prepated the
    woking paper, and the date on which it was prepared
     In the case of audit papers prepared by client staff,
    the date the working papers were recevied, and the
    initials of the audit team member who carried out
    audit work
     THe initials of the member of staff who reviewed the
    working papers and the date on which the review was
    carried out
     Each audit paper should meet the characteristics of a
    good workinh paper, as detailed later in the ACCA
    wedsite
    • Androids willing to follow the
    instruction of management of
    Independent Enronaa.

    • Conflict of interest which auditor’s


    independent and their ability to
    perform audit independently.

    • Enronaa and Solid Waste to issue a


    false audit report for their financial
    Integrity statement.

    • Do not conduct well auditor


    integrity when they shredding their
    client’s documents.

    Risk of management • Android should discontinued to act


    as Enronaa auditor.
     There is an argument on David’s action. It may led to
    approval or disapproval which depends in which
    perspective.
     This involved 2 perspective which are business perspective
    and audit perspective.
     In business perspective, David action is consider approval
    because he is trying to save the company from falling due
    to the probation of SEC and also to protect Android with
    the welfare of the company itself.
     In audit perspective, David is consider disapproval because
    he is trying to disposal the evidence about the company
    condition. Furthermore the trigger of it is was Nancy
    (Lawyer) who have email to all the staff to shredding the
    document which she already knew something going to
    happen to the company.

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