ACCA AAA Practice Questions - ACCA Advanced Audit And Assurance (AAA) Exam

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A former audit partner left the firm and was appointed as the chief financial officer (CFO) of an audited listed client two months after the engagement concluded. Which ethical threat is created and what does the IESBA Code typically require for a key audit partner of a PIE in this situation?

No threat arises because employment after leaving the firm is unrelated to the audit Advocacy threat; immediate resignation of the whole engagement team Intimidation threat; rotation of the entire firm Self-interest threat; a cooling-off period before the individual may take a key management position with the client

Correct Answer:

Self-interest threat; a cooling-off period before the individual may take a key management position with the client

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