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Shares in client

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Shares in client

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.
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  • June 29, 2018 at 1:51 pm #460536
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Hello

    Sir if there is a threat that audit manager own shares in client. So for its explanation it could be said that this constitutes self interest threat as it will difficult for audit manager to remain independent due to fear of damaging the value of their shareholding.

    And its safeguard that The audit manager must dispose off shares immediately. The current audit manager should be rotated off the assignment and some other audit manager should be appointed to perform the audit

    June 29, 2018 at 4:27 pm #460552
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10601
    • ☆☆☆☆☆

    This is covered in our Chapter 4 notes and lectures. Before you ask us to spend time answering your queries, we ask that you first study the relevant notes and lectures we have provided.

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  • The topic ‘Shares in client’ is closed to new replies.

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