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FAMILIARITY THREAT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › FAMILIARITY THREAT

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by Ken Garrett.
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  • March 23, 2011 at 6:26 pm #47872
    abdullahjamali2011
    Participant
    • Topics: 2
    • Replies: 3
    • ☆

    SIR i have gone through this sentence and i felt it a bit hard to understand the second part of the sentence :
    ” the lead partner should be changed atleast after every five years, and other partners involve change atleast every seven years “
    question : i request to explain it to me that why other partners should be changed if they are not involved in the engagement?

    March 23, 2011 at 9:49 pm #80414
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    In very large audits a team of partners can be involved – the lead partner and some assistant partners. They all have to be changed but the lead partner more frequently.

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