(ii) Can we entertain our clients as a gesture of goodwill or is corporate hospitality rul

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(ii) Can we entertain our clients as a gesture of goodwill or is corporate hospitality ruled out? (3 marks)

Required:

For EACH of the three FAQs, explain the threats to objectivity that may arise and the safeguards that should

be available to manage them to an acceptable level.

NOTE: The mark allocation is shown against each of the three questions.

参考答案:

(ii) Corporate hospitalityA partner in an audit firm is obviously in a position to influence the conduct and outcome of an audit. Therefore apartner being on ‘too friendly’ terms with an audit client creates a familiarity threat. Other members of the audi

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