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