alleryStart learning →Large non-audit fees versus audit fees suggest what?
AAudit work is too deep
BThe client is insolvent
CRotation was skipped
DStandards may be weakened
Answer & Solution
Correct answer: D. Standards may be weakened
A firm earning big consulting fees would want the client to do well, so its objectivity is questioned.
Keep practising International Ethics Standards Board for Accountants
Browse all International Ethics Standards Board for Accountants questions for CA Final, or explore more Auditing topics.
Related questions
Employment with an audit client is covered by which Section?Internal audit services to an audit client are in which Section?Which Section covers partner rotation with an audit client?NOCLAR for accountants in public practice is covered by which Section?Which Section of Part 3 covers second opinions?Custody of client assets is dealt with in which Section of Part 3?Fees and other types of remuneration in public practice are in which Section?Independence for audit and review engagements is in which Part?