Knowing that an
illegal act has occurred or is occurring, can a CPA refrain from taking action to report or stop the crime?
Although audits of financial statements generally relate to financial (and not legal) matters, the auditor should be aware that
illegal acts by clients may have a material effect on the financial statements.
If adopted, it will change the IESBA's Code of Ethics for Professional Accountants by providing circumstances in which an auditor who follows those standards can override the fundamental principle of confidentiality and disclose a suspected
illegal act (including fraud) to an appropriate authority.
When fraud or an
illegal act involves senior management, you should report it to an individual or group at a higher level, such as the manager, owner or board of directors.
As far as the company was concerned (and the courts had agreed), no
illegal act had occurred.
The bill amends Section 27 of the Wildlife Act which reads that "Any person who shall induce another or conspire to commit any of the following
illegal acts or suffer their workers to commit any of the same, shall be liable in the same manner as the one actually performing the act.
The bench said it would avail the services of CBI officers for scrutiny of the transcripts to classify as to which conversations were private and which revealed
illegal acts.
Ang sinasabi niya lahat ng PNP members na involved sa
illegal act,' Malayo said.
Senator Saleem Mandviwalla also revealed that recently Pakistan Steel Mills in Karachi had given 157 acres of its land to the Punjab government, which was a sheer
illegal act as such moves would widen the gulf between the provinces.
Residents of the areas have protested against this
illegal act, they said that stench is spreading all across the city.
Logic appears to be lost on this person when he blames the rape victim for not reporting the
illegal act immediately, but attaches no blame whatsoever to the welding victim.
