Provision of non-audit services to audit clients
You'll learn how to identify and manage ethical threats when audit firms provide non-audit services to their clients. This video covers the key independence risks—particularly self-review and familiarity threats—and explores how regulations differ between listed and unlisted companies.
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In this lesson
- 0:00 Non-audit services and independence threats
- 1:16 US and UK regulatory approaches compared
- 2:25 Holst and Company scenario overview
- 3:21 Identifying ethical threats in practice
- 4:09 Familiarity threat and engagement quality review
- 4:20 Self-review threat and safeguard measures
- 5:35 Management threat and decision-making boundaries
- 6:27 Identifying and mitigating ethical threats
About this lesson
You'll see how safeguards like separate teams and engagement quality reviewers can mitigate these threats, and work through a practical scenario to apply these concepts to real audit situations. Essential for understanding professional ethics and independence requirements in AA.
Duration: 7m
Transcript
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