The major topics that will be covered in this class include:
- Key changes to documenting independence in an audit conducted in accordance with GAGAS
- Enhanced documentation required once a significant threat has been identified and the safeguards applied
- Clarifications related to certain services that always impair independence
- Clarification related to when the conceptual framework must be used
- Clarifications related to determining if clients possess suitable skills, knowledge or experience to take responsibility for the non-attest services provided by auditors
- Other important matters contained in the 2018 Government Auditing Standards related to independence