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undue dependence on audit client

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

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October 24, 2015 at 11:15 am #278705
jessiewong
Member
- Topics: 7
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would like to ask is the limit of 15% apply for public interest(listed company and charity) , then 10% limit is apply for other non listed company?
October 24, 2015 at 11:27 am #278707
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10609
The rule is now 15% for public interest company for more than 2 consecutive years. No limit is quoted for non-public interest companies, but auditors have to careful to maintain their independence.
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