2.5 Employment with assurance clients
2.5.1Independence is threatened when a former member of the assurance team or partner of the firm becomes a director, officer or employee of an assurance client in a position to exert direct and significant influence over the subject matter of an assurance rvice. The extent of the threat will depend on factors such as the length of time the person was involved with the audit, the time lap since that involvement and their position at the assurance client.
[Safeguard]幼儿早教英语
Modifying the assurance plan or assigning particularly experienced staff members to the engagement
2.5.2 Independence is also threatened when a member of the assurance team knows, or has reason to believe that they might join the assurance client is the near future.
[Safeguard]
Disclosing their position to the audit partner when such negotiations take place
2.5.3 A key audit partner should not accept a key management position with a former audit client unless at least two years have elapd since that partner was involved with the audit.
N.B.
服装批发商 A key audit partner would be the engagement partner responsible for concluding the audit opinion or a partner involved in the quality control review on that audit.
2.6 Serving on a client’s board of directors
2.7 Long association of nior personnel with audit clients
2.7.1 Threats of familiarity ari when nior personnel have been involved with audit clients over a long period. The significance of threats will depend on factors such as the length of time the individual has been associated with the client, the role and the structure of the firm.german
[Safeguard]
Rotating nior audit staff and quality control reviews.
The engagement partner should be rotated after a pre-defined period, normally no more than FIVE years, and should not return to the engagement until a period of FIVE years has elapd.
Other key audit clients should be rotated after a pre-defined period, normally no more than SEVEN years, and should not return to the engagement until a period of TWO years （or FIVE years if returning as engagement partner） has elapd.
The individual responsible for the engagement quality control review should be rotated after a pre-defined period, normally no more than SEVEN years, and should not return to the engagement until a period of TWO years has elapd.
When a client becomes listed, then the audit firm should consider the length of time each partner has been associated with the audit and act accordingly but, under the rules,
partners associated with the audit may be associated with it for a further TWO years before they should be rotated.
江户小d2.8 Provision of non-assurance rvices to assurance clients
2.8.1 Provision of non-assurance rvices
Non-assurance rvices:
Internal audit
Valuations
Taxation
IT
Temporary staff
Litigation
Legal rvices
Lo independence for being afraid of losing fees
精卫填海翻译 USA prohibit
ietls
UK no general prohibition
The APB’s Ethical Standard 5 Non audit rvices provided to audit clients outlines a number of principles and practical measures for firms to carry out when considering whether it is appropriate to provide non-audit rvices to audit clients.
国民教育序列学历 It states that the firm should have procedures in place so that, if someone in the firm is considering accepting a non-audit engagement from an audit client, they should inform the audit engagement partner. The audit engagement partner then has an opportunity to consider whether the provision of that rvice would detract from audit objectivity, or would appear to, to a reasonable and informed third party, and to consider whether there are appropriate safeguards that can be applied. [知会审计负责人]
If the audit engagement partner concludes that it is probable a reasonable and informed third party would consider the objectives of the other rvice inconsistent with the audit, then the firm should either reject the other engagement, or resign from the audit in order to be able to provide the other rvice. [鱼和熊掌不能兼得]qaf
功夫熊猫2 台词
The audit engagement partner is also required to communicate significant facts relating to the auditors’ objectivity to tho charged with governance. [告知当事人]
2.8.2 Chine Wall
Auditors must not make management decisions for a client or fulfill management’s legal responsibility to keep financial records.
preact
Threats to independence will ari if an audit firm has custody of a client’s asts, supervis client staff carrying out their normal duties or prepares source documents for the client, such as invoices or payroll.
