Week 4 - What to do to Protect Independence

Question 1

What is the first way to protect independence?

Answer 1

Education, training and experience

Question 2

What is the second way to protect independence?

Answer 2

Continued professional development

Question 3

What is the third way to protect independence?

Answer 3

Corporate governance requirements

Question 4

What is the fourth way to protect independence?

Answer 4

Professional standards

Question 5

What is the fifth way to protect independence?

Answer 5

Professional regulatory monitoring and discipline

Question 6

What is the sixth way to protect independence?

Answer 6

Internal and external reviews

Question 7

Education, training and experience

Answer 7

All staff know exactly what they need to be doing

Question 8

Corporate governance requirements

Answer 8

How should the audit firm set up its policies and structure

Question 9

Professional standards

Answer 9

Guide in what you should be doing

Question 10

Professional regulatory monitoring and disciplinary

Answer 10

All audit practices are subject to monitoring

Question 11

Internal and external reviews

Answer 11

Reviewing your work