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engagement partner for over 7 successive periods

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › engagement partner for over 7 successive periods

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith.
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  • November 21, 2021 at 6:20 am #641213
    Noah098
    Member
    • Topics: 935
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    • ☆☆☆☆☆

    maam can you specifically explain how self interest threat arises if an engagement partner remains in his position for the same client for over 7consecutive period?

    familiarity threat I do understand, but somehow am unable to understand how any personal interest arises which may inappropriately influence the engagement partner’s behaviour?

    November 21, 2021 at 7:57 am #641216
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8304
    • ☆☆☆☆☆

    Consider how partner’s is a firm might be remunerated – it could be linked to the audit fees of “their” audit clients. It could also be a matter of prestige for the individual.

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