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PRACTICE QUIZ - Independence and Professional Ethics
PRACTICE QUIZ - Independence and Professional Ethics
The threat that a member will promote an attest client’s interests or *1/1
position to the point that his or her independence is compromised
Advocacy
Adverse Interest
Familiarity
Self-Interest
The threat that a member could benefit, financially or otherwise, from an *1/1
interest in, or relationship with, an attest client or persons associated with
the attest client.
Advocacy
Adverse Interest
Familiarity
Self-Interest
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8/31/22, 1:47 PM PRACTICE QUIZ _ Independence and Professional Ethics
The threat that a member will subordinate his or her judgment to that of *1/1
an individual associated with an attest client or any relevant third party
due to that individual’s reputation or expertise, aggressive or dominant
personality, or attempts to coerce or exercise excessive influence over
the member
Advocacy
Self-Interest
Familiarity
Undue Influence
Integrity
Independence
Familiarity
Objectivity
Penalty
Removal as member
Correct answer
Removal as member
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8/31/22, 1:47 PM PRACTICE QUIZ _ Independence and Professional Ethics
Audit Execution
Audit Planning
Audit Materiality
Audit Reporting
Correct answer
Audit Execution
PCAOB can review the audit and attest functions and report on
* 0/1
Correct answer
No
None.
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8/31/22, 1:47 PM PRACTICE QUIZ _ Independence and Professional Ethics
Affects Objectivity
Integrity loss
No Transparency
Impairment of Independence
Complain to PCAOB
Complain to AICPA
Forms
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