According to the ACCA Code of Ethics and Conduct, if the total fees received from a public interest entity audit client exceed 15% of the firm's total fees for two consecutive years, which actions must the audit firm take?

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Economics · Auditing and Professional Ethics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Disclose the matter to those charged with governance and arrange for a pre- or post-issuance review

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Answer 1

Disclose the matter to those charged with governance and arrange for a pre- or post-issuance review

Answer 2

Arrange for an external quality control review only

Answer 3

Disclose the matter to those charged with governance only

Answer 4

Resign from the audit immediately

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