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MC11 Sept 2016

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › MC11 Sept 2016

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.
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  • September 14, 2018 at 1:16 pm #474578
    jagmeet
    Member
    • Topics: 62
    • Replies: 56
    • ☆☆

    Sir shouldnt the answer be
    C.Confidentality and appoint a new audit team
    because the previous audit manager is a friend of the new audit manager and a sort of a polite way to get him off the team is to appoint a new audit team.Kindly help me to understand the answer.Thank you

    September 14, 2018 at 2:03 pm #474583
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8304
    • ☆☆☆☆☆

    The current audit team has a new engagement partner (because the last on was rotated off the engagement) and a new manager (because the last one has left) and only the audit senior has audit experience in the industry. So the issue is professional competence – for which the safeguard is industry training.

    (Regardless of the principle at risk “appoint a completely new audit team” would be a problem rather than a solution since it would remove the audit senior from the team.)

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