Independence

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.