Moshe (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Moshe is concerned that Barry, a childhood friend, is on the internal audit staff of Tandem Electric. Moshe believes he could provide services to this client in an objective manner but is concerned about the appearance of his independence. He applies the AICPA conceptual framework approach and determines that threats to his independence are significant. Which statement best describes what Moshe should do next in applying the conceptual framework?

O Document his assessment of independence, which should include a sworn statement from Barry

O Ask his friend to resign his position at Tandem Electric immediately.

O Not participate in the audit unless he obtains a waiver from his firm's general counsel.

O Consider whether safeguards may be applied that reduce the threats to an acceptable level.

Moahe (an audit manoger) has been assigned to the audit of Tandern Electrie, ine. Moehe is concerned that Barry, a chilinood friend, as on the internal audit staff of Tandern Electric. Moshe believes he could provide services to this client in an objecthe manner but is ooncerned about the appearance of his independence. He apples the AICPA conceptual frarnework approach and determines that threats to his independence are elgnificant. Which otaternent beet describes what Moche should do next in applying the conceptual framework