Your audit client, Beacon Ltd has proposed that your audit firm take up a consultancy project to evaluate several possible new accounting system, and provide advice on which system should be selected, as well as oversee the installation of the new system.   Which of the following threats would be created if the consultancy project proposed by Beacon Ltd is accepted by your audit firm?   Question 6 options:   1)  Advocacy   2)  Familiarity   3)  Self-review   4)  Intimidation

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Your audit client, Beacon Ltd has proposed that your audit firm take up a consultancy project to evaluate several possible new accounting system, and provide advice on which system should be selected, as well as oversee the installation of the new system.
 
Which of the following threats would be created if the consultancy project proposed by Beacon Ltd is accepted by your audit firm?
 

Question 6 options:

 

1) 

Advocacy
 

2) 

Familiarity
 

3) 

Self-review
 

4) 

Intimidation
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