When auditors report to the auditee and not to the governing body, they are suffering a structural threat to independence.
Blog
How to Recognize a Bias Threat
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA explains what a bias threat is and how to recognize it to remain objective.
What are the Yellow Book CPE Rules?
This is the best time of year to review the GAO Yellow Book CPE rules for government auditors and register for courses in 2023 to ensure you’re compliant.
The Familiarity Threat
When an auditor thinks twice about telling the truth due to fear of hurting the auditee, they are experiencing the familiarity threat.
How to Stop the BS
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA defines BS in audit reports and reminds auditors to backup their writing with testing and evidence.
31+ Movies to Sharpen Your Professional Skepticism
Auditors! Grab some popcorn and watch these movies to become better at detecting corruption and fraud.
The Undue Influence Threat
If the auditee seeks to control the outcome of the audit, auditor independence and objectivity are compromised by an Undue Influence Threat.
The Management Participation Threat
The 2021 Yellow Book states Management Participation is one of the seven threats to auditor independence. Learn how to help your clients while guarding your independence, objectivity and credibility.
Accounting’s Big Lie: A Colossal Conflict of Interest
Accountants in public practice should be independent when providing auditing services. But are they truly independent when the auditee pays their fees and has the ability to fire them?