alleryStart learning →The IESBA Code stresses rotation for listed entity audits because which threat is especially relevant?
AIntimidation
BAdvocacy
CFamiliarity
DSelf-review
Answer & Solution
Correct answer: C. Familiarity
Long association with a listed client breeds closeness, so the familiarity threat is particularly relevant.
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?