CA Chatur provides accounting and book keeping services to Shiv Ganga Limited. He is also offered an audit of the accounts to the Shiv Ganga…

CA Intermediate · Auditing and Ethics · RTP · September 2024
CA Chatur provides accounting and book keeping services to Shiv Ganga Limited. He is also offered an audit of the accounts to the Shiv Ganga Limited. Which threat to independence may be involved in accepting such an engagement?
(A) (A) Self-interest threats
(B) (B) Self-review threats
(C) (C) Familiarity threats
(D) (D) Advocacy threats

Suggested Answer and Working Notes:

Correct Answer: Option (B)

(B) Self-review threats

Topics: Ethics and Terms of Audit Engagements

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