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Hi sir,
Is it allowed for audit firm
1) making business/ investments/joint ventures
2) advertising/recommending other companies for its clients and getting commission?
Thanks
1) I don’t understand what you mean
2) I don’t recollect seeing this in an exam question – what do YOU think?
(What would be the risk/threat if an audit firm recommended an investment to an audit client and the client acted on that recommendation? Could any safeguard reduce that threat to an acceptable level?)
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