Defines independence and discusses who must be


Assignment

Assume you are a senior partner in an accounting firm and you are asked to prepare a presentation for a group of new recruits.

Create an 12- to 15-slide presentation that includes detailed speaker notes discussing each slide that does the following:

• Defines independence and discusses who must be independent.
• Identifies and describes the seven threats to independence.
• Offers safeguards against the seven threats to independence.
• Formulates and predicts potential civil or regulatory concerns if independence is compromised.

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Accounting Basics: Defines independence and discusses who must be
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