Question: QUESTION 13 Abie & Co is evaluating its independence relative to its audit of the City of Baker's self-insurance fund using the conceptual framework for

 QUESTION 13 Abie & Co is evaluating its independence relative to

QUESTION 13 Abie & Co is evaluating its independence relative to its audit of the City of Baker's self-insurance fund using the conceptual framework for independence include in Government Auditing Standards. During the course of the review of the work performed, the audit partner notes that virtually no audit procedures were performed on an actuarial valuation of the fund's unpaid claims liabilities conducted by consultants from Able & Co's actuarial group. The actuarial valuation was performed as part of a separate non-audit engagement. The unpaid claims are material to the fund. Discuss the station above represents which threats (familiarity threat, OR self-interest threat OR A self-review threaty? Provide explanation TTT : 3 (12) # T. E- 1 QUESTION 13 Abie & Co is evaluating its independence relative to its audit of the City of Baker's self-insurance fund using the conceptual framework for independence include in Government Auditing Standards. During the course of the review of the work performed, the audit partner notes that virtually no audit procedures were performed on an actuarial valuation of the fund's unpaid claims liabilities conducted by consultants from Able & Co's actuarial group. The actuarial valuation was performed as part of a separate non-audit engagement. The unpaid claims are material to the fund. Discuss the station above represents which threats (familiarity threat, OR self-interest threat OR A self-review threaty? Provide explanation TTT : 3 (12) # T. E- 1

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