Auditing and Assurance Services

Question

(a) Some of the members of CUC’s financial management team were former auditors for Ernst & Young, LLP.

(i) Discuss the reasons behind a company recruiting a member of its external audit team.

(ii) If the client has hired former auditors, would this affect the independence of the existing external auditors?

(500 words)

(b) What are the key areas of knowledge you have learnt from this case study and completing this assignment? Indicate why these are important to you. This should be a self-critical summary of your learning experiences. No references required.

(500 words)

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