What safeguards can be implemented by accounting firms to reduce threats to independence?(Several choices may be correct.)
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Question:
What safeguards can be implemented by accounting firms to reduce threats to independence?(Several choices may be correct.)
1.Partner rotation on client audits
2.Establishing a code of ethics
3.Annual review of independence for each client
4.Educating accounting staff regarding policies
5.Retaining the same partner on the client audit every year
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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