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The Independence Standards Board (ISB) published a document entitled, A Statement of Independence Concepts: A Conceptual Framework for Auditor Independence. Though the ISB was
The Independence Standards Board (ISB) published a document entitled, " A Statement of Independence Concepts: A Conceptual Framework for Auditor Independence". Though the ISB was dissolved in 2001, their findings remain a valuable resource. The report contains four principles by which auditors may judge their independence. These principles include: (Check all that apply.) determining the acceptability of the level of independence risk using a risk continuum consideration of the benefits irrespective of costs of the independence consideration of the types and significance of any threats to auditor independence, as well as types and effectiveness of relevant safeguards consideration of the investor's views in addressing issues of auditor independence
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