I want the solutions for question # 1 of the case. The solution cannot be more than one page single spaces.

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I want the solutions for question # 1 of the case. The solution cannot be more than one page single spaces.

Answered Same DayDec 29, 2021

Answer To: I want the solutions for question # 1 of the case. The solution cannot be more than one page single...

Robert answered on Dec 29 2021
118 Votes
Question 1
Part A: Why would a company want to hire a member of its external audit team?
A company hiring a mem
ber of its external audit team certain wants is certainly a suspect of
taking the undue advantages from its external audit team with a view of hiding its unethical practices.
With the employment of a member of its external audit team, the company can manipulate and window
dress many of its expenses and revenues by making the member employee as a part of the benefited
individuals. This way the member employee would also me a member to all the potential wrongdoings
and unethical practices by the company and it would be rather easier from the organization to get a clean
go from its external auditors in their periodic audit.
Part B: If the client had hired former auditors, would this affect the independence of the existing
external auditors?
Hiring a former auditor in the company can have an effect on the independence of the existing
external auditors. However, it also depends on the policies of the organization and the position that the
hired former auditor is holding.
If the hired member holds a management or...
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