Michael Has Been Approached by the Ceo of an Audit

Question 50
Multiple Choice

Michael has been approached by the CEO of an audit client and offered two tickets to the FIFA tournament during the Rio 2016 Olympic Games.The CEO knows that Michael's wife is from Rio and thought this was a nice way to thank him for twenty-years of excellent professional services.From an ethical perspective in deciding whether to accept the gift Michael should consider whether: A)He has the time and money to travel to Rio for the games B)Threats created by the gifts are at an acceptable level C)The audit has been completed for the current year D)Nonaudit services are also provided for the client