The significance of any threats created shall be evaluated and safeguards applied when necessary to

eliminate the threats or reduce them to an acceptable level. Examples or such safeguards include:

 Modifying the audit plan;

 Assigning individuals to the audit team who have sufficient experience in relation to the individual
who has joined the client; or
 Having a professional accountant review the work of the former member of the audit team.

290.137 If a former partner of the firm has previously joined an entity in such a position and the entity
subsequently becomes an audit client of the firm, the significance of any threat to independence shall be
evaluated and safeguards applied when necessary to eliminate the threat or reduce it to an acceptable
level.

290.138/A self-interest threat is created when a member of the audit team participates in the audit
engagement while knowing that the member of the audit team will, or may, join the client some time in
the future.

Audit Clients that are Public Interest Entities

290.139 Familiarity or intimidation threats are created when a key audit partner joins the audit client that
is a public interest entity as:

(a) A director or officer of the entity; or

(b) An employee in a position to exert significant influence over the preparation of the client's accounting
records or the financial statements on which the firm will express an opinion.