You are the audit senior on the audit of PXT Ltd for the year ended 31 January 2020. A former member of the audit engagement team for PXT Ltd left your firm two years ago to take up employment with this client. Identify and explain the potential threats to your firm’s objectivity and independence when auditing PXT Ltd and list two factors you w

You are the audit senior on the audit of PXT Ltd for the year ended 31 January 2020. A former member of the audit engagement team for PXT Ltd left your firm two years ago to take up employment with this client. Identify and explain the potential threats to your firm’s objectivity and independence when auditing PXT Ltd and list two factors you w

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 19RQSC

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