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