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