AUD 2 Professional Responsibilities and Ethics 12 Flashcards

Question

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in ap________, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired.

Answer 1

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in appearance, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired.

Answer 2

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in appearance, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired.

Answer 3

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in appearance, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired.

Answer 4

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in appearance, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired.

Answer 5

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in appearance, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired.

Answer 6

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in appearance, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired.

Answer 7

Independence Standards of the Government Accountability Office (GAO) An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence.

Answer 8

Independence Standards of the Government Accountability Office (GAO) An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence.

Answer 9

Independence Standards of the Government Accountability Office (GAO) An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence.

Answer 10

Independence Standards of the Government Accountability Office (GAO) An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence.

Answer 11

Independence Standards of the Government Accountability Office (GAO) An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence.

Answer 12

Independence Standards of the Government Accountability Office (GAO) An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence.

Answer 13

Independence Standards of the Government Accountability Office (GAO) An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence.

Answer 14

Independence Standards of the Government Accountability Office (GAO) The approach is very similar to that incorporated into the independence requirements for nongovernmental auditors in the AICPA code of Professional Conduct.

Answer 15

Independence Standards of the Government Accountability Office (GAO) The approach is very similar to that incorporated into the independence requirements for nongovernmental auditors in the AICPA code of Professional Conduct.

Answer 16

Independence Standards of the Government Accountability Office (GAO) To provide assurance that an auditor is independent both in mind and in appearance, GAGAS incorporates an independence conceptual framework that can be applied in making a determination as to whether or not independence has been impaired. An auditor evaluates independence, applying the framework, whenever facts or circumstances create threats to independence. The approach is very similar to that incorporated into the independence requirements for nongovernmental auditors in the AICPA code of Professional Conduct.

Answer 17

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Identify threats to independence

Answer 18

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Identify threats to independence

Answer 19

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Evaluate the significance of the threats, individually and collectively

Answer 20

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Evaluate the significance of the threats, individually and collectively

Answer 21

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: * Identify threats to independence * Evaluate the significance of the threats, individually and collectively

Answer 22

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Apply safeguards to eliminate or mitigate the threats such that they are reduced to an acceptable level

Answer 23

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Apply safeguards to eliminate or mitigate the threats such that they are reduced to an acceptable level

Answer 24

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Apply safeguards to eliminate or mitigate the threats such that they are reduced to an acceptable level

Answer 25

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: • Apply safeguards to eliminate or mitigate the threats such that they are reduced to an acceptable level

Answer 26

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: * Identify threats to independence * Evaluate the significance of the threats, individually and collectively * Apply safeguards to eliminate or mitigate the threats such that they are reduced to an acceptable level

Answer 27

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: * Identify threats to independence * Evaluate the significance of the threats, individually and collectively * Apply safeguards to eliminate or mitigate the threats such that they are reduced to an acceptable level

Answer 28

Independence Standards of the Government Accountability Office (GAO) Similar to the approach for evaluating independence indicated in AICPA professional standards, government auditors are expected to: * Identify threats to independence * Evaluate the significance of the threats, individually and collectively * Apply safeguards to eliminate or mitigate the threats such that they are reduced to an acceptable level

Answer 29

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence.

Answer 30

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence.

Answer 31

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence.

Answer 32

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence.

Answer 33

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence.

Answer 34

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence.

Answer 35

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence.

Answer 36

Independence Standards of the Government Accountability Office (GAO) The framework is applied by first identifying facts and circumstances that create threats to independence. There are 7 categories of threats in the Yellow Book to independence:

Answer 37

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 1. A self-interest threat occurs when the auditor has a financial or other interest in the entity that might affect the auditor’s judgment.

Answer 38

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 1. A self-interest threat occurs when the auditor has a financial or other interest in the entity that might affect the auditor’s judgment.

Answer 39

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 1. A self-interest threat occurs when the auditor has a financial or other interest in the entity that might affect the auditor’s judgment.

Answer 40

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 1. A self-interest threat occurs when the auditor has a financial or other interest in the entity that might affect the auditor’s judgment.

Answer 41

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 1. A self-interest threat occurs when the auditor has a financial or other interest in the entity that might affect the auditor’s judgment.

Answer 42

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. • A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 43

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 44

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 45

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. • A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 46

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. • A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 47

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. • A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 48

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. • A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 49

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 2. • A self-review threat occurs when the extent of nonattest services performed by the auditor for the client raise a question as to whether the auditor will be reviewing judgments and estimates that the auditor participated in the development of.

Answer 50

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 51

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 52

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 53

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 54

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 55

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 56

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 57

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 58

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 59

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 60

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 61

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 62

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 63

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 64

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 3. A bias threat occurs when the auditor is not objective about the client. This may result from the relationship between the auditor and client. It may also be a result of the beliefs of the auditor, which may be political, religious, or philosophical, and that may or may not conform to the objectives, mission, or operations of the client.

Answer 65

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 66

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 67

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 68

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 69

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 70

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 71

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 72

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 73

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 74

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 4. A familiarity threat occurs as a result of the duration and closeness of the relationship between the auditor and the client. This includes the threat that the client may anticipate what may be emphasized by the auditor and may be able to effectively deceive the auditor as a result.

Answer 75

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 5. An undue influence threat occurs when factors or parties separate from the client might create influence or pressure that may affect the auditor’s judgments in regard to the client.

Answer 76

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 5. An undue influence threat occurs when factors or parties separate from the client might create influence or pressure that may affect the auditor’s judgments in regard to the client.

Answer 77

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 5. An undue influence threat occurs when factors or parties separate from the client might create influence or pressure that may affect the auditor’s judgments in regard to the client.

Answer 78

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 5. An undue influence threat occurs when factors or parties separate from the client might create influence or pressure that may affect the auditor’s judgments in regard to the client.

Answer 79

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 5. An undue influence threat occurs when factors or parties separate from the client might create influence or pressure that may affect the auditor’s judgments in regard to the client.

Answer 80

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 5. An undue influence threat occurs when factors or parties separate from the client might create influence or pressure that may affect the auditor’s judgments in regard to the client.

Answer 81

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 6. A management participation threat occurs when the auditor takes on the role of management or performs management functions for the client.

Answer 82

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 6. A management participation threat occurs when the auditor takes on the role of management or performs management functions for the client.

Answer 83

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 6. A management participation threat occurs when the auditor takes on the role of management or performs management functions for the client.

Answer 84

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 6. A management participation threat occurs when the auditor takes on the role of management or performs management functions for the client.

Answer 85

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 6. A management participation threat occurs when the auditor takes on the role of management or performs management functions for the client.

Answer 86

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 6. A management participation threat occurs when the auditor takes on the role of management or performs management functions for the client.

Answer 87

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 88

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 89

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 90

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 91

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 92

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 93

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 94

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 95

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 96

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 97

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 7. A structural threat occurs when the audit entity is connected to the government entity in such a way that may impair the auditor’s ability to remain objective in the performance of the engagement or reporting of the results.

Answer 98

Independence Standards of the Government Accountability Office (GAO) There are 7 categories of threats in the Yellow Book to independence: 1. A self-interest threat 2. A self-review threat 3. A bias threat 4. A familiarity threat 5. An undue influence threat 6. A management participation threat 7. A structural threat

Answer 99

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited.

Answer 100

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited.

Answer 101

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited.

Answer 102

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited.

Answer 103

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited.

Answer 104

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited.

Answer 105

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited. If so, independence is impaired and the auditor will not be able to perform the engagement.

Answer 106

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited. If so, independence is impaired and the auditor will not be able to perform the engagement.

Answer 107

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited. If so, independence is impaired and the auditor will not be able to perform the engagement.

Answer 108

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited. If so, independence is impaired and the auditor will not be able to perform the engagement.

Answer 109

Independence Standards of the Government Accountability Office (GAO) If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 110

Independence Standards of the Government Accountability Office (GAO) If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 111

Independence Standards of the Government Accountability Office (GAO) If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 112

Independence Standards of the Government Accountability Office (GAO) If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 113

Independence Standards of the Government Accountability Office (GAO) If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 114

Independence Standards of the Government Accountability Office (GAO) If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 115

Independence Standards of the Government Accountability Office (GAO) If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 116

Independence Standards of the Government Accountability Office (GAO) If the threat to independence results from the performance of nonattest services, the auditor will first determine if the service was prohibited. If so, independence is impaired and the auditor will not be able to perform the engagement. If the threat does not result from the performance of nonattest services, or if the nonattest services were not prohibited, the auditor will consider the magnitude of threats.

Answer 117

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: * Performing management responsibilities * Performing certain accounting functions without obtaining management approval * Providing internal audit assistance in the form of setting policies, strategic direction, or scope for the internal audit function, or performing internal control procedures * Accepting responsibility for the design, implementation, or maintenance (DIM) of internal control, or its monitoring * Participation in IT services including the design, development, or alteration of IT systems * Providing valuation services that impact information included in the financial statements * Performing specific additional services related to non-tax disbursements, benefit plan administration, investment advisory or management, corporate finance, executive or employee personnel, and business risk consulting

Answer 118

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 119

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 120

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 121

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 122

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 123

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 124

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 125

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 126

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 127

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 128

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 129

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 130

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 131

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 132

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 133

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing management responsibilities, such as strategic planning for the entity, developing entity program policies, directing employees, making decisions regarding the acquisition, use or disposition of resources, custody of assets, reporting to governance, accepting responsibility for internal controls, and voting in the management committee or board of directors;

Answer 134

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 135

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 136

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 137

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 138

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 139

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 140

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 141

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 142

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 143

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 144

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 145

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 146

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 147

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 148

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 149

Independence Standards of the Government Accountability Office (GAO) Prohibited nonattest services include: • Performing certain accounting functions without obtaining management approval, such as determining or changing journal entries, authorizing or approving transactions, preparing or altering source documents, and accepting responsibility for the preparation or fair presentation of the financial statements;

Answer 150