The institute of international studies

Question 1a Corporate governance codes in some businesses, and professional standards in the USA and other countries prohibit external audit firms from also providing non-audit services to clients, without the prior approval of the client's audit committee. This is because it could become an ethical threat to the interests one or more key stakeholder groups. Identify and discuss how providing non-auditing services by Umbrella Auditors could become an 'ethical threat to a key stakeholder group (identify at least one key stakeholder group). Q1b Identify and discuss the effective ethical safeguards that the General Manager should implement, to guide decision-making that provides protective benefits for the key stakeholders, if Umbrella Auditors decides to continue expanding into non-auditing services