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Business Ethics - Ethical Climate If a member of the audit team, a member of that individual's immediate family, or a firm has a direct
Business Ethics Ethical Climate
If a member of the audit team, a member of that individual's immediate family, or a firm has a direct financial interest or a material indirect conflict interest in the audit client then
A the selfinterest threat created would be so significant that no safeguards could reduce the threat to an acceptable level
B the auditor may have to create new safeguards to counteract the threat
C the auditor would have to hire outside auditors to help in the audit
D the auditors should not participate in the audit, but only act as supervisors
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