Question: What does the term acceptable level mean when used in the GAO conceptual framework to describe threats to independence? The circumstances are fluid but stable

What does the term "acceptable level" mean when used in the GAO conceptual framework to describe threats to independence? The circumstances are fluid but stable in terms of the auditor's independence. The circumstances would not appear to compromise the auditor's independence. The auditor's compensation is fair and does not impair independence. The auditor is free to perform any type of nonaudit service the client requests

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Understanding Acceptable Level in the GAO Conceptual Framework The term acceptable level is a key concept in the Government Accountability Office GAO Yellow Book which provides guidelines for auditors ... View full answer

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