University of Miami ACC 522 ACC 522/622 SPRING 2018 QUIZ 6 LESLIE FAY The AICPA Code of Professional Conduct defines threats as “relationships or circumstances that could impair independence” and identifies seven broad categories of threats to the auditor’s independence

Accounting Jun 30, 2021

University of Miami

ACC 522

ACC 522/622 SPRING 2018

QUIZ 6 LESLIE FAY

The AICPA Code of Professional Conduct defines threats as “relationships or circumstances that could impair independence” and identifies seven broad categories of threats to the auditor’s independence. (AICPA Code of Professional Conduct, ET 1.210.010, Conceptual Framework for Independence)

Question:1)What are the seven categories of threats?

2: What threats were present in the Leslie Fay case. Identify the category and provide a brief example.

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