Q1. Why should we have professional skepticism when we prepare a tax return or when we set up an Accounting Information System (“AIS”)? Simply put, do we only have professional skepticism when we perform attest services or for all services provided (attest and non-attest)?
Q2. Review the threats to independence, and then review the safeguard to counteract the threats to independence. Now compare this to Conflicts of Interest and their safeguards.
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