From the case study, use the ethical framework to propose a course of action that you would take concerning the audit. Provide a rationale for your response. • Imagine that you work for an audit firm and the firm selected you to assess its auditor independence and the potential threats to the firm. Determine at least two (2) potential threats to auditor independence and recommend one (1) strategy for the firm to eliminate or mitigate those threats you determined.
- “Professional Standards” Please respond to the following: • From the first e-Activity, determine at least two (2) AICPA Professional Conduct principles that are most likely to be violated. Provide a rationale to support your response. • From the second e-Activity, recommend at least two (2) additional responsibilities that the audit committee should take in order to improve its effectiveness in detecting or preventing financial fraud. Provide a rationale to support your recommendation.