A public accounting firm can remain as auditor when a key partner joins a public interest entity (PIE) audit client as a director.

Question

Quizplus · Accepted Answer

When a key partner from a public accounting firm joins a PIE (Public Interest Entity) audit client as a director, it creates a conflict of interest and independence issues, making it inappropriate for the firm to continue as auditor due to the impairment of independence.

A Public Accounting Firm Can Remain as Auditor When a Key