Up to 1 mark per well explained threat, being ½ mark for identify and ½ mark for explain, and up to 1 mark for
method of managing risk, overall maximum of 5 marks each for risks and managing of risks.
– Self-interest/familiarity threat – finance director related to audit partner
– Self-review threat – team member seconded to client
– Self-interest threat – provision of loans
– Advocacy/self-review threat – resolving issues with taxation authorities
– Self-interest threat – substantial taxation fees
– Self-interest/familiarity threat – invitation for team to football match and meal

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