Visit the AICPA’s web site and read Section ET 100, paragraphs .06 to .26 of the Code of Professional Conduct and Bylaws. Prepare a memo to your professor providing:
1. The definition of independence
2. Types of threats a CPA might encounter
3. The effectiveness of a safeguard
4. The broad categories of safeguards
5. One example of a safeguard suggested by this section of the Code In your conclusion, discuss the value of understanding each of these rules.