Question 8 You have started working for a new audit client, but your brother works there as a senior software engineer. You are unsure whether this causes an independence issue. What should you do? Have your brother speak to his manager at the company to see if they have an issue with you being on the audit team. Because he is not in the accounting department, there is no independence issue to worry about. Consult with your engagement team lead and/or your local Q&RM Independence team at your KPMG firm. Tell your brother not to mention it and don't speak with him while at the client's office.
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Understanding that having a close family member working at an audit client could pose an independence issue is the first step. This is because independence not only needs to be maintained in fact but also in appearance. Show more…
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