To avoid a self-interest threat arising, auditors of a listed company should normally not receive more than a certain percentage of their total fees from that client.
What is the recommended maximum percentage of fees?
A. 15% B. 10% C. 5% D. 20%
I chosen A, but the answer is B, why? In the lecture note, it explained the maximum percentage for “listed company” is 15% right? Am I right?
For your information, this is the question in the mock exam.