Ethical Requirements under APES 110
a) The Mortdale Accounting firm had carried out the audit on the many public companies in Australia. Now Mortdale accounting firm had carried out peer review audit on the Penshurst Accountants on the basis of ethical requirements Of APES 110. APES 110 helps to design the members on the basis of Code and helps them to work more accurately. This APES 110 code is established on Codes of Ethics for Professional Accountants (George et al. 2014). This is further issued by International Ethics Standard Board for Accountants (IFAC) of International Federation of Accountants (IFAC). This code is further divided into three parts based on the checking of peer review audit. The Mortdale Accounting firm company does not advise clients on the peer review audit. The ethical principle lies with the code of part B that is proper working in the conceptual framework.
b) Jan Dungog a CPA applied for the position of Chartered Accountant in the local public accounting firm. Meanwhile, Jan Dungog also told the local accounting company for not contacting with the current employer. The new accounting company directly hired Jan on the new position of Chartered Accountant (Chapple et al. 2014). In this situation, the ethical principles of Code part C will be applicable. The principle of Codes part C describes the member are encountered with the possible recruitment position. The accounting company has not informed other employer working with Jan. Meanwhile, the company hired her on the basis of proper agreement.
c) Wendal Sailors, a well-known chartered accountant wanted to acquire insurance and superannuation business by conducting audits. During the process of audit Wendal Sailor requested the auditing firms to advise him about the service for providing the final audit opinion. In this situation, the ethical requirements of APES 110 can breach if the auditing company does not provide the final opinion of the audit to Wendal Sailor. The accounting profession has the responsibility to act properly for the interest of the public (Dal Pont, 2014). While the responsibility is not followed properly then the ethical principles are followed on the basis of three code of law. Wendal Sailor wanted to know about the final audit opinion from the auditing company. Moreover, Wendal is also well-known chartered accountant knows properly the process of auditing. The auditing company can easily provide the opinion for making of the final audit.
d) Judith Durham belongs to the partner on an audit of the charitable organization. Judith is a member of Boards of Director of the charitable organization. The Boards of Director is a highly honored position but that position did not provide any performance on the management function. This situation also states that the employer is not satisfied with their responsibility performed in the organization (McBride and Rosenstiel, 2013). This will breach on the ethical requirements based on the principle of APES 110. Judith can perform properly on the work of audit but also has a burden of members in Boards of Director. Moreover, being the member of that position but did not provide performance on the management function. The code of part C is more appropriate to deal this situation.