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What are the appropriate safety tips guards should take when an audit partner join a client as a finance director?

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Question added by Wasim khan wazir , Finance Specialist , Mott Macdonald
Date Posted: 2015/12/30
Nasteho Khaireh
by Nasteho Khaireh , COMPTABLE , ISOTHERMA

eliminate any capital balance related to the retired partner   eliminate any other financial arrange- ment with the retired partner except for a fully funded fixed-payment retirement account or irrevocable escrow (“rabbi”) trust that is not dependent on the audit firm’s financial results, and   ensure that the retired partner has no influence over the audit firm’s operations or financial policies

 

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