The CFO of the audit client that you are a member of the audit engagement team...

   

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The CFO of the audit client that you are a member of the audit engagement team approached you about an opportunity to work with him. What should you do? You can discuss about the possible employment and maintain confidentiality about this negotiation since the position is not a financial reporting oversight role at the client You shall report promptly to the Ethics and Independence Partner and/or Lead Audit Engagement Partner about the conversations or intent to enter into employment negotiations You can keep it confidential and shall report to the Ethics and Independence Partner and/or Lead Audit Engagement Partner only on your of work at KPMG You shall discuss promptly with the CFO about all details of the position before any report to the Ethics and Independence Partner and/or Lead Audit Engagement Partner so not to delay the audit work The CFO of the audit client that you are a member of the audit engagement team approached you about an opportunity to work with him. What should you do? You can discuss about the possible employment and maintain confidentiality about this negotiation since the position is not a financial reporting oversight role at the client You shall report promptly to the Ethics and Independence Partner and/or Lead Audit Engagement Partner about the conversations or intent to enter into employment negotiations You can keep it confidential and shall report to the Ethics and Independence Partner and/or Lead Audit Engagement Partner only on your of work at KPMG You shall discuss promptly with the CFO about all details of the position before any report to the Ethics and Independence Partner and/or Lead Audit Engagement Partner so not to delay the audit work

Answer rating: 100% (QA)

The detailed answer for the above question is provided below You shall report prom... View the full answer