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Threat: Long assosciation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Threat: Long assosciation

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by Anuja Nair.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • November 21, 2017 at 2:36 pm #417163
    Anuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    Long association: The engagement partner for the company has been in place for 12 years.

    Familiarity and self interest threats are created.

    I understand why a familiarity threat is created but i dont understand why a self interest threat is created. Could you explain sir ?

    November 21, 2017 at 2:50 pm #417167
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10599
    • ☆☆☆☆☆

    Perhaps the partner and finance director have become friends (implied by familiarity) and the partner does not want to lose a friend by modifying the audit report.

    November 22, 2017 at 2:35 am #417266
    Anuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    Thank you sir.

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Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Threat: Long assosciation’ is closed to new replies.

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