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hello Mike
advocacy threat is always significant in nature to the extent that its very difficult to put any safeguards to reduce the threat. so lets say we audit a particular firm and now the same firm has asked us to conduct a forensic investigation and appear as a witness in court.
in this case the forensic investigation will lead to self review, self interest and advocacy threat but safeguards can be put in place to counter self review/interest threats.
however how to counter advocacy threat on this occasion?
personally i dont think there are any safeguards available because when the auditor appears as a witness in court then that will be a significant threat to independence.
what safeguards are there if any to accept the job despite despite being auditor?
please advise
thanks
I would agree with you, whole-heartedly
If you are asked to promote your client to any third party, you automatically lose your independence.
That promotion automatically requires you to be biased towards the interests of your client and bang goes your independent attitude of mind
With that in mind, you have to conclude that the only safeguard is to avoid all situations where you may be called upon to report to a third party concerning maters involving your client … a difficult thing to achieve when you’re summoned to appear in Court concerning a case that involves your client!
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