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engagement partner for over 7 successive periods

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.

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November 21, 2021 at 6:20 am #641213
Noah098
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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
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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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