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contingency fee

This topic has 1 reply, 2 voices, and was last updated 10 years ago by Ken Garrett.

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September 13, 2014 at 8:23 am #194836
biya14
Member
- Topics: 15
- Replies: 4
What is contingency fee, please explain with example & how contingency fee create self interest threat if firm provide non assurance services.?
September 13, 2014 at 5:42 pm #194889
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10544
Clean audit report: fee = $100,000
Modified (qualified) audit report: fee = $50,000
There is clear self-interest in producing an clean audit report.
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