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QUESTION 1The following situations may or may not breach the ethical requirements of APES 110.You need to state whether they are or are not a breach of the ethical requirements of APES110and if they are a breach of the ethical requirements state which ethical principle has been breached :(a)The Mortdale Accounting firm had carried out several audits of public companies in the last year.It now provided the working papers to the Penshurst Accountants who were carrying out a peer review of the audi …
(h)James Jameson ,a public accountant,stays too long at the annual Christmas party of his firm,the Balgowlah Accountants and consumes too much alcohol and drugs. He subsequently goes into town and is involved in a fight and is charged with assault on a person at a hotel as well as drunken and disorderly behaviour when he attempts to drive off.He is subsequently convicted and sentenced to 3 month in gaol as well as having his license suspended for 1 year.
customer has gone into liquidation and it appears very unlikely that other customers will take its place due to the highly specialised nature of its products.
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