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FRC Ethical Standard: Providing corporate hospitality to audit clients

Can we take our audit clients out as a gesture of good will or is corporate hospitality ruled out?

Issued: October 2017
Last reviewed: October 2017 

Section 4 of the FRC Ethical Standard provides guidance on gifts and hospitality and paragraphs 4.62-4.65 state that threats to objectivity will arise where gifts, favours or hospitality are offered to a client.