In the context of the ICAGs fundamental ethical principles what factors should the auditor take into account
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Question:
In the context of the ICAG’s fundamental ethical principles what factors should the auditor take into account before accepting this engagement? .
Your discussion should include at least the following:
(i) The pre-conditions;
(ii) The necessary safeguards if relevant;
(iii) How to deal with the situations where the ethical requirements were not fully complied with;
(iv) If the auditor has only limited experience in this area what safeguards could he apply to ensure that the threat to professional competence and due care is reduced to an acceptable level?
How do I upload the ethical principles? it's in pdf
Expert Answer:
The fundamental principles of ethics are integrity independence objectivity and impartiality confidentiality and competence a Integrity A professional accountant should be straightforward and honest i... View the full answer
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