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find threats or safeguard Q#2 Shayan has recently been hired as the audit manager in a firm of chartered accountants which is the auditor of
find threats or safeguard
Q#2 Shayan has recently been hired as the audit manager in a firm of chartered accountants which is the auditor of Python Limited (PL). Shayan previously served as manager finance in PL for three years. The firm is considering to depute Shayan as the engagement manager for the audit of PL for the year ended 31 August 2019. Required: Identify the possible threats which may arise and discuss their significance. Also, discuss the safeguards required to mitigate the threats under each of the following assumptions: (i) Shayan resigned from PL with effect from 30 June 2019 (ii) Shayan resigned from PL with effect from 30 June 2018Step by Step Solution
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