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contingency fee

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.

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September 13, 2014 at 8:23 am #194836
biya14
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What is contingency fee, please explain with example & how contingency fee create self interest threat if firm provide non assurance services.?
September 13, 2014 at 5:42 pm #194889
Ken Garrett
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Clean audit report: fee = $100,000
Modified (qualified) audit report: fee = $50,000

There is clear self-interest in producing an clean audit report.
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