Posted by: Pdfprep
Post Date: February 7, 2021
Saturn Ltd has offered Jack Lee to be the head of their treasury department during the audit of Saturn Ltd. Jack Lee is the audit manager who is currently in charge of Saturn Ltd. Jack Lee discussed the role with Saturn Ltd and intends to accept the appointment.
Which of the following is a safeguard that the audit firm of Jack Lee should adopt?
A . Objectivity and independence could be compromised
B . Manager will be carrying out work whilst negotiating position: might overlook errors
C . Possible intimidation of audit team by manager once position taken up
D . Re-review any work of the team previously reviewed by manager/ independent partner review
Answer: D
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