Recruiting Services

Question 1

What might providing recruiting services to a cleint do?

Answer 1

Create a self-interest, familiarity or intimidation threat

Question 2

What must audit firms not make?

Answer 2

Management decisions for the client.

Question 3

What following services do not usually create a threat if personnel of the firm does not assume management responsibility (qualifications)

Answer 3

Reviewing the professional qualifications of a number of applicants and providing advoice on their suitability for position

Question 4

What following services do not usually create a threat if personnel of the firm does not assume management responsibility (interviewing)

Answer 4

Interviewing candidates and advising on a candidate’s competence for financial accounting, administrative or control positions

Question 5

What should audit services not provide a recruiting service to an audit client if service relates to (search)

Answer 5

Searching for, or seeking out, candidates

Question 6

What should audit services not provide a recruiting service to an audit client if service relates to (reference)

Answer 6

Undertaking reference checks of prospective candidates

Question 7

What should audit services not provide a recruiting service to an audit client if service relates to. Respect to following positions (Director)

Answer 7

Director/officer of the entity

Question 8

What should audit services not provide a recruiting service to an audit client if service relates to. Respect to following positions (Management)

Answer 8

Member of senior management in position to exert significant influence over preparation of client’s accounting records