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Last 2 questions on ethics , please help

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Last 2 questions on ethics , please help

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • February 14, 2017 at 10:05 pm #372428
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir last 2 questions I want to ask on ethics.. please answer these

    1) contingent fees is just a self interest threat or it can be even advocacy threat?
    2) when there is a significant conflict of interest, then will applying safeguards reduce the threat level? Secondly even after applying the safeguards, there is still significant conflict of interest then what should an audit firm do?

    February 15, 2017 at 8:02 am #372469
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10583
    • ☆☆☆☆☆

    1 – Self-interest only as far as I can see.

    2 – Safeguards can not always reduce a threat sufficiently in which case the firm should withdraw from the work and not act for the client.

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  • The topic ‘Last 2 questions on ethics , please help’ is closed to new replies.

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