(b) As a newly－qualified Chartered Certified Accountant in Boleyn & Co, you have been

(b) As a newly-qualified Chartered Certified Accountant in Boleyn & Co, you have been assigned to assist the ethics

partner in developing ethical guidance for the firm. In particular, you have been asked to draft guidance on the

following frequently asked questions (‘FAQs’) that will be circulated to all staff through Boleyn & Co’s intranet:

(i) What Information Technology services can we offer to audit clients? (5 marks)

Required:

For EACH of the three FAQs, explain the threats to objectivity that may arise and the safeguards that should

be available to manage them to an acceptable level.

NOTE: The mark allocation is shown against each of the three questions.

(b) FAQs(i) Information Technology (IT) servicesThe greatest threats to independence arise from the provision of any service which involves auditors in:■ auditing their own work;■ the decision-making process;■ undertaking management functions of the clien