Chapter 1, Problem 13.2EC

Which of the following services is not considered to be a hosting service and, as such, will not impair independence if performed for an attest client? Acting as the sole host of a financial or non-financial information system of an attest client Having possession of a depreciation schedule prepared by the member, provided the deprecation schedule and calcu- lation are given to the attest client so that attest client's books and records are complete. Providing electronic security or back-up services for an attest client's data or records! All of the above are not considered to be a hosting service.

Conclude and explain, with reference to the IPPF (code of ethics or standards) whether it is permissible or not permissible. Provide reason for your conclusion; 1.The CAE resolved not to report a significant finding about an illegal environmental activity to the audit committee because management had indicated that they would handle the issue.

What forms of protection and regulation do regulators of FI's impose to ensure their safety and soundness?