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Conflicts of interest and auditor termination

Conflicts of interest and auditor termination

Can we insist that our external auditors insert a clause in theri engagement letter that allows us to terminate their appointment if there is a conflict of interest between us  and another client of theirs?  They have a clause that says they will alert us to any such conflicts, but reserve the right to carry on nonetheless.



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08th Jan 2013 10:52

No need ....

You can remove your auditors as and when you wish to, there should be no need for any such clause. If you think this is a significant risk then are they the right auditors for you as it sounds as if you aren't fully confident in them.

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By agadza
08th Jan 2013 17:52

Many thanks, Rachael

Much appreciated.

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