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What is advocacy threat in Audit threat F8

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What is advocacy threat in Audit threat F8

As above

June 4th 2014 AN ACCA USER 120 Points

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+1 Vote

Threats arising from auditors or "others in audit firm' promoting or advocating for or against an auditee or its position or opinion rather than serving as unbiased attestors of the auditees’ financial information.

Example
Firm promoting share of audit client
Professional accountant acting as an advocate of auditee (audit client) in disputes with third parties

Auditors are supposed to be neutral parties, but while acting as an adviser to client they become advocate of the client.
Example
Client seeking financial assistance and legal services
Client seeking promotional assistance from audit firm for lunch of new product

June 4th 2014 AN ACCA USER 8,730 Points
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Advocacy threat: arising if promoting a position or opinion to the point that your subsequent objectivity is compromised.

June 4th 2014 AN ACCA USER 9,230 Points
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