{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Project Dollarama

No 9 charge a low ball fee for this engagement where

Info iconThis preview shows pages 34–37. Sign up to view the full content.

View Full Document Right Arrow Icon
No 9. Charge a "low-ball" fee for this engagement, where engagement documentation does not meet firm and professional standards? No 10. Accept significant gifts or hospitality from the client? No REPORTING ISSUER CLIENTS "Reporting Issuer" defined as an entity with market capitalization OR total assets > $10 million, whose shares, debt, or securities are quoted/listed on a recognized stock exchange and/or which is a mutual fund under securities legislation. No Has MNP, or any team member: 11. Provided accounting or bookkeeping services to the client? No 12. Failed to obtain approval from those charged with governance to provide professional services? No 13. Accepted a client or related entity financial reporting oversight position within one year since the financial statements were filed with a securities regulator? No 14. Provided (or planned to provide) any of the following non-assurance services to the client or related entity during the engagement period? No Valuation? No Actuarial? No Internal audit? No Financial information system design or implementation? No Advocacy as an "expert" in civil, criminal, regulatory, administrative, or legislative investigation? No Legal? Human resource? Promote, deal in, or underwrite client debt, shares, or securities? Make, or otherwise have, discretionary authority for client investment decisions? Execute a transaction to buy/sell client investments? Have custody of client assets, including taking temporary possession of a client's securities? Independence Threats
Background image of page 34

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Answering " Yes " to any of the conditions described below indicates a threat to C&W's independence, which may be resolved through the application of appropriate safeguards. Identify and document in the Independence Memo how the identified threats are not significant, or how any safeguards eliminate significant threats or reduce them to an acceptable level. Please refer to Lotus Notes database C&W Policies & Guidelines > Operations > Independence for a description of possible safeguards, and the flowchart summary of circumstances and resolution.
Background image of page 35
Yes/No/ NA 1. Are there significant self-interest threats related to this client? For instance: Are the fees from this client, and any related entities, significant to C&W or to an individual partner/senior manager? No Are there any reasons to believe the client can exert significant influence over C&W or an individual partner/senior manager in any way? No Are there concerns that C&W may imminently lose this engagement? No Are there any concerns that the budget will be too low to allow adequate procedures to provide assurance on this engagement? No Are fees due from the prior year's engagement not yet paid? No Is there any expectation of a substantial reduction of fees this year?
Background image of page 36

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 37
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}