Economics · Auditor Independence
Which of the following safeguards would NOT be relevant in mitigating the threat identified when fees from a single client represent more than 15% of the firm's total fee income?
- 1Disclosure to those charged with governance that fees from the client represent more than 15% of total fee income
- 2A pre-issuance review to be conducted by an external accountant
- 3The use of separate teams to provide the audit and non-audit services✓
- 4Assigning an engagement quality control reviewer
Correct answer
The use of separate teams to provide the audit and non-audit services
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