threats to independence – GAO

  • Creator
    Topic
  • November 20, 2016 at 11:52 pm #1322011
    startupcfo
    Participant

    MCQ 1294

    When threats to independence are identified, the GAO requires that auditors:

    A.
    apply safeguards.

    B.
    ignore the threats.

    Incorrect C.
    access the materiality of the threats.

    D.
    Independence is not required by GAO standards.

    The right answer is “applying safeguards”. I’ve never heard of that before. What is an example of an advised safeguard that would mitigate or eliminate the threat to independence?

    BEC - 87 | 02/28
    REG - 70 | 06/10, REMATCH | 08/30
    AUD - XX | 09/10
    FAR - XX | 12/10

  • The topic ‘threats to independence – GAO’ is closed to new replies.