Santosh ChoudharySantosh Choudhary asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

It is to be applied to specific circumstances and relationships. Para 100.5 to 100.8 and a00.9 to 100.14 respectively under the heading conceptual framework, threats and safeguards contained in pages 3 to 6 of Code of Ethics,2009 deal with various examples about the threats to independence that may be created by specific circumstances and relationships and also provides how professional judgment is used to determine the appropriate safeguards to eliminate threats to independence or to reduce them to an acceptable level depending on the characteristic of the individual assurance engagement.