Question：In relation to ACCA's Code of Ethics and Conduct, which of the following statements are true in relation to undue dependence on an audit client?
A. Objectivity cannot be maintained where a practice has less than 10 clients.
B. Where the total fees received from a public interest audit client exceed 15% of the total fees for the audit firm for two consecutive years, the audit firm must arrange for a pre-issuance or a post-issuance review to be undertaken.
C. Objectivity may be threatened or appear to be threatened by undue dependence on one audit client or group of connected clients.
D. Objectivity cannot be maintained where a practice has less than five clients.
E. Where the total fees received from a public interest audit client exceed 15% of the total fees for the audit firm for two consecutive years, the audit firm must disclose this fact to those charged with governance.
The correct answers are:Objectivity may be threatened or appear to be threatened by undue dependence on one audit client or group of connected clients; Where the total fees received from a public interest audit client exceed 15% of the total fees for the audit firm for two consecutive years, the audit firm must disclose this fact to those charged with governance; Where the total fees received from a public interest audit client exceed 15% of the total fees for the audit firm for two consecutive years, the audit firm must arrange for a pre-issuance or a post-issuance review to be undertaken.
解析：The ACCA's Code of Ethics and Conduct states that where a practice is being set up for the first time, and where a practice is being wound down, the practice may have very few clients for a limited period. In such circumstances it is not possible for the practice to comply with the criteria listed above and the criteria do not therefore apply. Such practices should take particular care to safeguard their independence.
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