Asnisya is an auditor in a newly established Internal Audit
Department of Syarikat
Setia Jaya Berhad (SSJB), a construction company listed in Bursa
Malaysia. She
joined the department after she graduated from University of
Wincose St. United State
in June 2021. She was happy to get the job since many of her
friends are still not
employed. The department is in the process of expanding the team
members and is
now recruiting more auditors to the team. However, no training or
workshop has been
attended by Asnisya as the company is now trying to save cost due
to pandemic Covid
19. The Internal Audit Department is led by a Chief Executive
Auditor (CAE), Mr Sakti,
who has twenty years of experience being an auditor in SSJB.
Recently, the audit committee of SSJB has suggested that the
internal auditors to audit
Hygene Gloves Sdn Bhd (HGSB), a subsidiary of SSJB in Bentong
Pahang. HGSB is
a pharmaceutical factory that produce gloves for public usage and
hospitals. However,
none of the internal auditors have any experience auditing a
pharmaceutical business.
Due to lack of audit staff, Mr Sakti assigned Asnisya and Shameer,
who joined the
team last month for the audit field work in HGSB. No supervisor was
assigned to assist
them as all the audit staffs are busy with other assignments.
Asnisya was excited with
the assignment and she promised Mr Sakti that she will guide
Shameer and consult Mr
Sakti during the field audit. Mr Sakti has full confidence that
both of them can complete
the task accordingly.
While reviewing the inventory of HGSB, Shameer faces problem with
the storekeeper
as he does not allow Shameer to review the inventory report.
Shameer could not
ensure that the inventory is properly recorded in the inventory
stock sheet. Shameer
was too busy that he totally forgets about it and did not informed
Asnisya. On the last
day of the fieldwork, Shameer finalizes his working paper and
conclude that there are
no audit issues in the inventory section.
Required:
Discuss four (4) ethical issues from the above scenario.
(10 marks)