Maggie Lim, ethics partner AA LLP, informs you that she just had a conversation with Steve Lim, the CEO of CS Pte Ltd, a company dealing with trading of electrical appliances. He would like the audit engagement partner to attend the CS's board meetings on a monthly basis so that your firm can be made aware of any issues relating to the audit as soon as possible. 

In addition, Steve has requested for an audit manager to be seconded to CS's holding company in temporary replacement of its finance director who recently left. He has also asked for the audit firm in recruiting a permanent replacement. 

Required:

Provide a response to Steve which evaluates the ethical implications of his requests. 

Answer rating: 100% (QA)

Dear Steve Thank you for your interest in our audit services While we appreciate your desire to main... View the full answer