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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › The maximum percentage of a listed company (self-interest threat)
Dear Tutor,
Below is my question.
To avoid a self-interest threat arising, auditors of a listed company should normally not receive more than a certain percentage of their total fees from that client.
What is the recommended maximum percentage of fees?
A. 15%
B. 10%
C. 5%
D. 20%
I chosen A, but the answer is B, why? In the lecture note, it explained the maximum percentage for “listed company” is 15% right? Am I right?
For your information, this is the question in the mock exam.
Sorry, this question/answer is wrong – you are correct: 15%