पेशेवर निष्पक्षता बनाए रखने के लिए एंगेजमेंट पार्टनर सारा को क्लाइंट के सीएफओ (CFO) के साथ अपने व्यक्तिगत संबंधों के संबंध में क्या करना चाहिए?

The CFO of a client has expressed urgency in finalizing the audit report. The audit team feels pressured to wrap up quickly, even though some areas require additional testing. As an auditor, which of the following is the most appropriate safeguard to mitigate this threat?

An audit assistant highlights potential risks to independence during an audit. Classify the following scenarios into their correct threat categories: 1. The audit engagement partner has been in the position for six consecutive years. 2. The audit engagement partner's daughter works for the audit client. 3. The audit engagement partner's daughter's bonus will be paid in the form of client shares. 4. A 5% bonus is offered to the audit firm if the audit is completed three weeks earlier than last year.