Day: January 7, 2022

The rules of professional conduct prohibit auditors from advertising for their services as a resort. If a company wishes to appoint an auditor, it is usually the director who approaches one and requests him to place a quotation for the Read More …

Conflict of interest is like to arise between the auditor and his client. Specific example conflict of interest may include among others:  Provision of other service to audit clients Preparation of accounting records Receivership, Liquidation and audits

Fees It is undesirable that the auditor derives a huge proportion of his income from one single client. If this happens the auditor is likely to be compromised by this client Personal Relationships It is desirable to avoid personal relationships Read More …

The rule of the thumb is that the accountant must approach his work with integrity and objectivity. He must approach his in a spirit of independence of mind.

Professional accounts are required to observe proper standards of professional conduct whether or not the standards required are written in the rules or are unwritten. The professional accountants are specifically required to refrain from misconduct which is difficult to precisely Read More …

Most dictionaries describe and define profession as a calling or vocation involving some branch of learning. Accountancy involves a body of knowledge. Accountants must tried in various areas .The idea of a profession rests on the following premises A recognizable Read More …