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Assurance service

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Assurance service

Viewing 2 posts - 1 through 2 (of 2 total)
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  • March 10, 2017 at 5:09 pm #377598
    siobhan80
    Member
    • Topics: 5
    • Replies: 9
    • ☆

    Hi Mike,

    Can a company who is doing the audit for a listed company provide an assurance service if they have sufficient safeguards in place for eg separate audit teams?

    March 10, 2017 at 5:30 pm #377609
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23200
    • ☆☆☆☆☆

    I believe that this is acceptable, so long as the audit committee approve and that the partner in charge of the audit confirms the firm’s independence in writing including arrangements for ensuring this independence remains in place when non-audit work is undertaken

    OK?

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