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Mr. Azhar is appointed as auditor in Sunrise Company. Azhar, during an audit...

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Accounting

Mr. Azhar is appointed as auditor in Sunrise Company. Azhar, during an audit engagement with Sunrise Company, found that the cashier of the company had committed fraud of OMR 50,000 by misappropriating cash sales.

Q1. In the above case what would be the nature of duty of Azhar and in respect of the detection of frauds in the accounting records? (1.5 Marks)

Q2. Between the management and auditor who is primarily responsible for the detection and prevention of fraud. (1.5 Marks)


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