Section 1: 15–25%A3
Ethics and Independence
Exam Insight
Ethics and independence questions appear heavily on the AUD exam. The AICPA tests whether candidates understand the threats to independence, the safeguards available, and the specific prohibited relationships. Getting the independence rules wrong means getting multiple questions wrong.
What AICPA Wants You to Know
- 1Identify the conceptual framework approach to independence
- 2Distinguish between independence in fact and independence in appearance
- 3Apply the threats and safeguards approach to independence
- 4Recognize prohibited financial interests and relationships
- 5Understand the AICPA Code of Professional Conduct requirements
- 6Apply SOX independence requirements for issuers