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.
-The audit firm has been asked to carry out an internal audit review and to advise their client on how to set up an internal audit department.
Correct Answer:
Verified
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
Q7: 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
Q13: Auditors must keep technically up to date
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