The auditor may be faced with threats to their ethical principles. Consider the three statements below and decide which of these present an ethical threat to an audit firm, type the words 'ethical threat' and 'not a threat' beside the statements.
-An audit client has suggested that the audit firm of Tickett & Run should base part of the audit fee on the profits of the client company
Correct Answer:
Verified
Q2: Staff of audit firms should be asked
Q3: The audit partner for a listed entity
Q4: Audit firms should not accept consultancy work
Q5: Audit files should be subject to a
Q6: The auditor may be faced with threats
Q8: The auditor may be faced with threats
Q9: Which of the following is not a
Q10: Auditors must comply with relevant laws and
Q11: Integrity can be defined as the auditor
Q12: Auditors may use information obtained during the
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