Week 4 - Ethical / Independence Scenario Possible Actions Flashcards
(6 cards)
1
Q
What is the first action to take in an independence scenario?
A
Maintain integrity, do not compromise standards
2
Q
What is the second action to take in an independence scenario?
A
Explain position to manager (if feasible)
3
Q
What is the third action to take in an independence scenario?
A
Discuss with senior management, directors and/or audit committee
4
Q
What is the fourth action to take in an independence scenario?
A
Contact ICAEW
5
Q
What is the fifth action to take in an independence scenario?
A
Document discussions and action taken
6
Q
What is the sixth action to take in an independence scenario?
A
If all else fails, consider resignation
