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Identify four situations that may impose ethical threats

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Reference no: EM132628064

Question - Professional Ethics

When considering accept a new client, auditors need to comply with ethical requirements of the professional standards. Referring to the information given:

a) Identify four situations that may impose ethical threats to the auditors and the audit firm.

b) For each situation, explain potential threats to professional ethical requirements.

c) Discuss possible safeguards to address each threat (refer to the relevant PES standards in your answer).

Reference no: EM132628064

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