- This topic has 1 reply, 2 voices, and was last updated 5 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hello Miss,for March 2020 Q3(b) fee dependence
“the Code states that an audit firm’s independence is threatened and should be reviewed if the total fees from a single client exceed 15% of its total fee income for two consecutive years. In this case, the 15% limit has been exceeded in both 20X4 and 20X5 and following the listing of the company’s shares in September 20X5, Moritz & Co is required to review its dependence on the client.”
Why the assess of fee dependence not start from the client become listed? but before it? (FOR both 20×4 and 20×5, the client Co still unlisted)
thank you.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.