Question 1a
Marking Guide
(a) Up to 1 mark per well explained threat and up to 1 mark for method of managing risk,
overall maximum of 6 marks.
Familiarity threat – long association of partner
Self-interest threat – son gained employment at client company
Self-interest threat – financial interest (shares) in client company
Self-review threat – audit firm providing internal audit service
Contingent fees 6