5 types of threats
1. Self - interest threats
(benefit from a financial interest)
2. Self - review threats
(recently been a director or senior employee of the company)
3. Advocacy threats
(objectivity is getting too compromised)
4. Familiarity threats
(being too sympathetic to clients interests)
5. Intimidation threats
(deterred from acting objectively with an adequate degree of professional skepticism)
YOU ARE READING
5. 11. Auditing Ethics
Random"Ethics" means moral principles - which govern a person's behavior or his conducting of an activity. It is the branch of knowledge - deals with moral principles. It is a state of mind - to act & perform in accordance with moral principles The scienc...
