Auditor Independence

Protect audit quality by mastering the rules and safeguards that preserve independence. This course explains the various threats to auditor independence and analyzes numerous real-world scenarios that require careful evaluation. Learn how to apply appropriate safeguards, especially when providing both attest and non-attest services to the same client. Strengthen your ability to identify risks, document decisions, and maintain the level of independence required by professional standards and regulators.
Format

PDF Course

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Duration

2 Hours

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Course Information

Author: Steven Bragg
Course Number: ET1057

Learning Objectives
  • Describe the elements of the independence concept.
  • Specify the different types of threats to independence.
  • Describe the independence threats that can arise from a merger of audit firms.
  • Describe the manner in which independence can be applied to the affiliates of an attest client.
  • Specify how a clause in an engagement letter could trigger an independence threat.
  • Explain the nature of the various types of financial interests.
  • Describe the circumstances under which an accountant can have an account with a depository institution and not have an independence issue with it.
  • Specify how an accountant’s teaching arrangement with a local college will still allow her firm to conduct an attest engagement with the college.
  • Describe the issues to consider when deciding whether a gift could cause an independence threat.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Regulatory Ethics
Prerequisites: None
Advance Preparation: None
Latest Review Date: February 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.