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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › FAMILIARITY THREAT
SIR i have gone through this sentence and i felt it a bit hard to understand the second part of the sentence :
” the lead partner should be changed atleast after every five years, and other partners involve change atleast every seven years “
question : i request to explain it to me that why other partners should be changed if they are not involved in the engagement?
In very large audits a team of partners can be involved – the lead partner and some assistant partners. They all have to be changed but the lead partner more frequently.