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Kim Smith.
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Noah098
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ma’am how does long association of a senior personnel lead to self interest threat for audit firm?
apologies in advance, if I am asking this question for the second time. But I couldn’t find the answer to this question through search function hence asking…
Kim Smith
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If senior personnel is audit partner there would be the obvious potential loss of audit fee income.
If other senior personnel it could be fear of losing a long-standing client – “what will it do to my promotion prospects” – “could I be made redundant?” – “how will it look on my CV?”
Noah098
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