- 15 Marks
AA – Nov 2014 – L2 – Q5 – Professional Ethics and Code of Conduct for Auditors
Explain threats to auditor independence and provide examples of each.
Question
The ICAN Professional Code of Conduct and Guide for Members gives a list of threats to auditors’ independence, which may impair integrity, objectivity, or the good reputation of the profession.
Required:
Explain the following threats and give TWO examples each of circumstances that may lead to the threats:
a. Self-Interest (3 Marks)
b. Self-Review (3 Marks)
c. Advocacy (3 Marks)
d. Familiarity (3 Marks)
e. Intimidation (3 Marks)
Find Related Questions by Tags, levels, etc.
Report an error