Week 4 - Other Safeguards Flashcards by Verity Russell

Q

What are the first 3 other safeguards?

A

rotating senior staff (overcome familiarity)
disclosing ethical/independence issues with appropriate client staff
consolation with independent third parties

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Q

What are the final 2 other safeguards?

A

disclosing nature of services provided and extent of fees
involving another firm to perform/re-perform part of the engagement

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