A client offers the audit team an all-expenses-paid luxury holiday to Dubai as a 'thank you' for their hard work. According to the code of ethics, how should the auditor respond?

Test yourself: pick an answer

• A)Accept it, provided the audit report is signed first.
• B)Accept it but don't tell the firm's partners.
• C)Decline the offer, as it creates a self-interest and familiarity threat that is generally impossible to safeguard unless the value is trivial and inconsequential.
• D)Accept it but only if the entire team can go.