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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Ethical treats
Hello!
Can the same company (but different teams and partners) produce and audit the FS of a listed company (let’s call it company A)? And the same question if it is not a listed company A?
Thanks in advance!
If not a public interest company (including not listed) different teams from the same firm can product and audit.
If a public interest company (including listed) the same firm of accountants (even if different teams) cannot both produce and audit.
So there’s no appropriate amount of safe guard regarding preparing and auditing of FS for listed entities by the same firm of accountant. Using different partners and engagement team cannot reduce this?