The responsibilities of external auditors are not always well$-$understood. When external auditors provide non$-$audit services to their clients, it is essential that the auditors make a clear distinction between their audit and non$-$audit responsibilities.

Explain the advantages and disadvantages of external auditors providing consultancy services to their audit clients.

Answer rating: 100% (QA)

External auditors providing consultancy services to their audit clients can be a mutually beneficial arrangement but it also comes with potential draw... View the full answer