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f8 june 2015 past question

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › f8 june 2015 past question

  • This topic has 3 replies, 1 voice, and was last updated 9 years ago by javid.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 3, 2016 at 9:42 am #313497
    javid
    Participant
    • Topics: 6
    • Replies: 46
    • ☆☆

    Good morning sir… i have got question to ask you please help me..

    june 2015 q.1 regarding ethics.. in one of the threat is mangment asking auditor tohelp them recruit new NED.. i did get it is self interst threat if auditor help them but in explanation of examiner answer state it is self intrrst threat because NED appoint audit firm… i dont understand that simce shareholder appoint audit firm.. does this meant i am wrong ..can you please explain to me .. thank you in advance..

    May 3, 2016 at 9:44 am #313498
    javid
    Participant
    • Topics: 6
    • Replies: 46
    • ☆☆

    The examiner explains that NED has key responsibilty appointing audit firm.. but how ..is it not share holder who appoint auditors in AGM… thank you

    May 3, 2016 at 12:27 pm #313518
    javid
    Participant
    • Topics: 6
    • Replies: 46
    • ☆☆

    When audit firm receives 15 %of total fees from single client. This represent self interest threat

    but for explaination can i say …. there is potential self interst threat as auditors may ignore errors in FS in fear of loosing client.

    for mitigation can i say that they should review and assess fees if it represent more than 15% they should consider refuse taking non audit work such as taxation .. thank you sir..
    once i get this answer my ethical threat questions well prepared…. thank you for your time..

    May 5, 2016 at 6:04 pm #313851
    javid
    Participant
    • Topics: 6
    • Replies: 46
    • ☆☆

    Can any one help me here please… thank you…

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