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Familirity threat

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.

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February 3, 2019 at 2:16 pm #504029
vavneetb
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Again, i am doing BPP revision question-
It says MR day is a audit partner in ali company from last 9 years and has been the audit engagemnet partner for stark and his daughter Zoe wants to join audit team.
In answer it says- Mr days daughter,Zoe, is unusual but should not raise any significant risks to the audit.
Why?
February 3, 2019 at 5:12 pm #504045
Kim Smith
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Presumably she would be an audit trainee/junior – so not responsible for the audit strategy/audit plan or any significant audit judgments, and her work would be directed, supervised and reviewed by someone more senior. So minimal, if any, real risk.
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