Write an essay on the threats to auditor objectivity and independence and the safeguards to mitigate those threats.
Including these topics:
– Threats to compliance with fundamental principles:
– Safeguards created by profession, legislation or regulation to reduce these threats, e.g.:
Education and experience entry requirements.
Continuing professional development requirements.
Professional or regulatory monitoring and disciplinary procedures.
– Provision of non-audit services. (should be band) source from European Commission 2010 ”green paper”.