Question: The Independence Standards Board ( ISB ) published a document entitled, A Statement of Independence Concepts: A Conceptual Framework for Auditor Independence. Though the
The Independence Standards Board ISB published a document entitled,A Statement of Independence Concepts:A Conceptual Framework for Auditor Independence".Though the ISB was dissolvedin their findings remain a valuable resource.The report contains four principles by which auditors may judge their independence.These principles include:Check all that apply.
consideration of the investor's views in addressing issues of auditor independence
consideration of the benefits irrespective of costsof the independence
consideration of the types and significance of any threats to auditor independence, as well as types and effectiveness of relevant safeguards
determiningthe acceptability of the level of independence risk using a risk continuum
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