Auditors are important because they are able to provide assurance of an organization's financial statements from an objective and independent opinion. It benefits the company in several ways, such as maintaining consistency, finding errors in their processing, or detecting fraud. While performing work , the auditors may face situations when they will not be able to fulfill ethical requirements. Answer the following three questions based on the above case 32. Which threat may occur when a professional accountant may be deterred from acting objectively by threats, actual or perceived? a. Self-review threats b. Advocacy threats c. Intimidation threats d. Self-interest threats
Auditors are important because they are able to provide assurance of an organization's financial statements from an objective and independent opinion. It benefits the company in several ways, such as maintaining consistency, finding errors in their processing, or detecting fraud. While performing work , the auditors may face situations when they will not be able to fulfill ethical requirements. Answer the following three questions based on the above case 32. Which threat may occur when a professional accountant may be deterred from acting objectively by threats, actual or perceived? a. Self-review threats b. Advocacy threats c. Intimidation threats d. Self-interest threats
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
Problem 6RQSC
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Auditors are important because they are able to provide assurance of an organization's financial statements from an objective and independent opinion. It benefits the company in several ways, such as maintaining consistency, finding errors in their processing, or detecting fraud. While performing work , the auditors may face situations when they will not be able to fulfill ethical requirements.
Answer the following three questions based on the above case
32. Which threat may occur when a professional accountant may be deterred from acting objectively by threats, actual or perceived?
a. Self-review threats
b. Advocacy threats
c. Intimidation threats
d. Self-interest threats
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