AFRC calls on auditors and audit committees to strengthen independence safeguards around procurement and purchases from audit clients

4 Oct, 2024

The AFRC has today published an article titled Safeguarding Auditor Independence: Concerns Surrounding Procurement and Purchases from Audit Clients. The article highlights the AFRC’s concerns regarding potential threats to auditor independence that may arise from procurement and purchases involving audit clients. It calls on audit firms to be vigilant in managing their relationships with audit clients and to implement robust procedures for identifying and mitigating potential independence threats.

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