Non-Audit Services Do you engage your audit firm for any non-audit services? If yes, please describe the process used to approve the provision of such services. If no, why not? In your opinion, a high ratio of non-audit fees to audit fees charged to an audit or assurance client create threats to an auditor’s compliance with (Please select one or more answers): Professional competence and due care as defined by the IESBA Code? The other fundamental principles that are included in the IESBA Code integrity, objectivity, – professional behavior and confidentiality? Independence as defined by the Code? None of the above. In your opinion, would a professional accountant’s or the firm’s compliance with one of the following be impacted if a high percentage of that firm’s revenue is generated from providing services to the firm’s clients (Please select one or more answers): Professional competence and due care as defined by the Code? The other fundamental principles that are included in the IESBA Code integrity, objectivity, – professional behavior and confidentiality? None of the above. Regulators and Audit Oversight Authorities General Do you believe that the level of fees charged by an audit firm gives rise to ethics and/or independence issues? Please explain your response. Has your organization identified from inspections, disciplinary investigations or other means, any fee-related issues that might have created threats to compliance with the fundamental principles or to independence? If so, please describe the finding. For example: What was the nature of the issue?
Non-Audit Services Do you engage your audit firm for any non-audit services? If yes, please describe the process used to approve the provision of such services. If no, why not? In your opinion, a high ratio of non-audit fees to audit fees charged to an audit or assurance client create threats to an auditor’s compliance with (Please select one or more answers): Professional competence and due care as defined by the IESBA Code? The other fundamental principles that are included in the IESBA Code – integrity, objectivity, professional behavior and confidentiality? Independence as defined by the Code? None of the above. In your opinion, would a professional accountant’s or the firm’s compliance with one of the following be impacted if a high percentage of that firm’s revenue is generated from providing services to the firm’s clients (Please select one or more answers): Professional competence and due care as defined by the Code? The other fundamental principles that are included in the IESBA Code – integrity, objectivity, professional behavior and confidentiality? None of the above. Regulators and Audit Oversight Authorities General Do you believe that the level of fees charged by an audit firm gives rise to ethics and/or independence issues? Please explain your response. Has your organization identified from inspections, disciplinary investigations or other means, any fee-related issues that might have created threats to compliance with the fundamental principles or to independence? If so, please describe the finding. For example: What was the nature of the issue?