Do you think any of the threats apply to the accounting firm that is helping to integrate thenew accounting system?

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Do you think any of the threats apply to the accounting firm that is helping to integrate thenew accounting system?
May 4, 2020 Comments Off on Do you think any of the threats apply to the accounting firm that is helping to integrate thenew accounting system? Uncategorized Assignment-help
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You are the finance director of White Rock City. Your current auditor informs you that he isretiring and selling his auditing practice. When you seek his advice regarding the hiring of theaccounting firm that is currently helping to integrate a new accounting system for the city, hementions that you first would want to check the GAGAS threats to independence. He recently readan article about the seven threats, but because he was retiring, he did not pay much attention totheir content.You are required to download the following filehttps://www.gao.gov/assets/700/693136.pdf and read carefully pages from 31 to 37.From those pages, answer the following questions:Q1. Identify the seven threats to auditor independence and provide an example of circumstancesfor each seven threats (do not copy and paste from those pages any examples).Q2. Do you think any of the threats apply to the accounting firm that is helping to integrate thenew accounting system?