AAA Activity 2 Team 4

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Across
  1. 3. Should constructively challenge the decisions of the EDs & help develop proposals on strategy
  2. 4. Insertion of illegitimate funds into a legitimate financial system
  3. 5. Insurance against any liability arising through acts of fraud or dishonesty by any partner or employee in respect of money or goods held in trust by the accountancy firm
  4. 7. Gap is created when public is not aware of the persons to whom the auditors owe responsibility
  5. 8. The process of quoting a fee for work before the work is carried out
  6. 9. Possible consequence of Non-compliance with laws and regulations
Down
  1. 1. Firms should verify the identity of their customers
  2. 2. The theft of an entity’s assets and is perpetrated by employees in relatively small and immaterial amounts
  3. 6. Belongs to a class likely to rely on the FS