Classify Each of the Following Threats as Either; Self-Interest, Self-Review

question 12

Essay

Classify each of the following threats as either; self-interest, self-review, advocacy, familiarity or intimidation.
1.The CEO threatens to change auditors unless an unqualified opinion is issued
2.Each member of the audit team received a holiday cruise as a gift from the client
3.The audit partner owns a significant amount of shares in the client company
4.The audit partner is the brother-in-law of the client company's director
5.The audit firm is promoting a new issue of shares from the client company
6.The audit firm is acting as an advocate on behalf of the client in a dispute with a third party
7.Management is pressuring the firm to reduce its audit hours in order to reduce the fees
8.The audit partner has been approached about becoming a board member with the client company next year
9.A member of the audit team was recently a director of the client company
10 .The audit must cover an inventory valuation system which was implemented by the audit firm after last year's audit

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Definitions:

Cyanosis

A bluish discoloration of the skin and mucous membranes due to insufficient oxygen in the blood.

Barrel Chest

A chest shape characterized by an increased front-to-back diameter, often associated with emphysema or chronic obstructive pulmonary disease (COPD).

High-Risk Group

A category of individuals who, due to specific characteristics or behaviors, have a significantly higher chance of developing a particular disease or injury than the general population.

H1N1

A subtype of influenza A virus known to cause respiratory infections in humans; it was responsible for the 2009 flu pandemic.