| Name | Audit of ABC Inc., The |
| Publication Date | |
| Issues | Board decision re corporate audit; Auditing; Taxation |
| Disciplines | Accounting; Finance; Business - General; Policy; Strategic Management; Business Ethics |
| Industry | |
| Setting | |
| Publication Title | Wilfrid Laurier University, The School of Business & Economics (SBE) |
| Publisher/Source | SBE Research Centres & Case Publications Office |
| Author(s) | Ron Craig, John McCutcheon |
| Product Code/ISBN | 020064-W |
| Pages | 1 |
| Access | http://www.wlu.ca/docsnpubs_detail.php?grp_id=1611&doc_id=17713 |
| Abstract | ABC's auditor has reported that it is probable that ABC made an error in preparing tax documentation that resulted in an underpayment of tax. Moreover, it appears unlikely that the tax authorities will notice or be able to recover the underpayment. The auditor has simply presented the information and has not recommended any course of action. If the Board does nothing, ABC will benefit but is this appropriate or
morally justifiable? Has the auditor acted according to professional standards. |