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Walking the Tightrope: Balancing Independence in Non-Audit Services

As a CPA and owner of a Hong Kong audit firm, maintaining independence in non-audit services is crucial to your professional integrity. In our article, “Walking the Tightrope: Balancing Independence in Non-Audit Services,” we offer expert advice on addressing self-review threats and inadequate documentation while navigating this complex area. Discover how to establish clear policies and procedures, invest in audit training, implement quality management manuals, and utilize mock reviews to stay compliant with regulatory requirements. Embrace these best practices and safeguard your firm’s reputation by mastering the delicate balancing act of independence in non-audit services.

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The Independence Beacon: Shining a Light on the Crucial Role of Documenting Independence Assessments in Auditing

Discover how to navigate the complexities of independence assessments in auditing with this comprehensive guide for Hong Kong audit firms. Learn the importance of documenting independence assessments, practical insights, and real-world examples to ensure compliance and audit integrity. From documenting the assessment process to retaining documentation for future reference, this article offers four key takeaways to help you remain compliant while elevating your practice to new heights of excellence. Don’t miss this essential resource for CPAs and audit firm owners.

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