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Hello.
Temporary recruitment can create self review threat and the significant of threat is depends on the significance of role as seconded member, for which then we will decide whether it can be reduced to acceptable level or reject.I have two questions.
There is risk that auditor may assumed management reponsibility. This is when they are involved in making judgements and decisions.Does this threat can be reduced by assigning another auditor from seperate team members of engagement? Or the threat is for whole engagement instead?
Secondly, we can provide our staff if the role was focused on non-financial matters. However if the one asked is audit partner? Does the threat can be reduced by focusing on non-financial matters? Or the risk of audit partner work with audit client is too signifcant? Thank you
Audit firm/partner/team members should not assume management responsibilities .. only management can be responsible for certain things…. so allowing “another engagement team” to do the work would be meaningless.
You can’t really have any partner employed by any audit client in any capacity ….the PERCEPTION would be that the auditor’s objectivity is impaired.
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