Auditor’s Liability – NBC Institute

AA – May 2022 – L2 – SC – Q6 – Auditor’s Liability

Discuss three types of threats auditors face and the safeguards to mitigate those threats.

Question

In the course of carrying out their assignments, the auditors are usually faced with threats created by a broad range of circumstances.

a. Explain THREE types of threats usually faced by auditors. (6 Marks)
b. Explain the circumstances that may give rise to the threats in (a) above. (6 Marks)
c. Highlight THREE major categories of safeguards which may mitigate or reduce threats to auditors. (3 Marks)

Answer

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Tags: Auditor Independence, Auditor Threats, Ethical Issues, Professional Conduct
Level: Level 2

Topic: Auditor’s Liability
Series: MAY 2022

Topic: Auditor’s Liability

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AA – May 2022 – L2 – SC – Q6 – Auditor’s Liability

Discuss three types of threats auditors face and the safeguards to mitigate those threats.

AA – May 2022 – L2 – SC – Q6 – Auditor’s Liability

Discuss three types of threats auditors face and the safeguards to mitigate those threats.

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AA – May 2022 – L2 – SC – Q6 – Auditor’s Liability

Discuss three types of threats auditors face and the safeguards to mitigate those threats.

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AA – May 2022 – L2 – SC – Q6 – Auditor’s Liability

Discuss three types of threats auditors face and the safeguards to mitigate those threats.

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