What do you believe should be done to respond appropriately to concerns about the level of fees charged by audit firms? What should be role? Who else should play a role and what IESBA’s should that role be? Non-Audit Services In your opinion, would a high ratio of non-audit fees to audit fees charged to an audit or assurance client create threats to an compliance with (Please select one or more auditor’s 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 IESBA Code? None of the above. In your opinion, would a professional or the compliance with one of the following accountant’s firm’s be impacted if a high percentage of that revenue is generated from providing non-audit firm’s services to the clients (Please select one or more answers): firm’s 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? None of the above.
What do you believe should be done to respond appropriately to concerns about the level of fees charged by audit firms? What should be IESBA’s role? Who else should play a role and what should that role be? Non-Audit Services In your opinion, would 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 IESBA 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 non-audit services to the firm’s clients (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? None of the above.
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