Question
The directors of Exit Co, a large unlisted company, have decided to issue an annual environmental and corporate social responsibility report as they wish to
The directors of Exit Co, a large unlisted company, have decided to issue an annual environmental and corporate social responsibility report as they wish to follow best corporate governance practice. They have asked the companys auditors Stu & Co to provide an assurance report on the new report. If accepted, the annual fees from Exit Co would be slightly less than 15% of Stu & Cos gross annual fee income. Which of the following safeguards would be the most appropriate for Stu & Co to implement now?*
A.Resign from Exit Co
B.Decline the additional work
C.Rotate the audit partner
D. Discuss the fee levels with Exit Cos audit committee
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