Identify and discuss any three ethical responsibilities of a Public Accounting Firm, in its role as the External Auditor, in relation to its client. What oversight does the Audit Committee of a publicly traded company provide in relation to the activities of the External Auditor?

Discuss the roles of first, second and third lines in the IIA's Three Lines Model. You can download it from IIA website
(You can also use this link: https://www.theiia.org/globalassets/documents/resources/the-iias-three-lines-model-an-update-of-the-three-lines-of-defense-july-2020/three-lines-model-updated-english.pdf

 

Where are the Board of Directors and the External Auditor placed in structure of the model? Do you agree with their placement? Discuss why or why not?

Answer rating: 100% (QA)

Ethical Responsibilities of a Public Accounting Firm as an External Auditor Public accounting firms have ethical responsibilities towards their clients when providing external audit services Here are ... View the full answer