M9 Ethics and independence part II

Question 1

Safeguards to threats to independence identified by Generally Accepted Governmental Auditing Standards are generally not effective to mitigate:

Answer 1

Management participation threat

Question 2

A critical component of the determination of whether providing a nonaudit service would create a threat to independence is

Answer 2

Consideration of management’s ability to effectively oversee the non-audit service to be performed.

Question 3

GAGAS ethics specifically include:

Answer 3

Serving the public interest
Integrity
Objectivity
Proper use of government information
*Not fraud detection