Question 4b
Marking Guide
(b)
Renoir Co
– Intimidation threat to objectivity
– Meet senior management and explain the terms of the audit
– Consider integrity of Jim Cassatt and possible implications for audit
– Thorough performance and review of planning
– Early notice of audit requirements and logistics
– Self-interest threat created by overdue fees
– Delay audit until fees paid (1 max)
Maximum marks 7