CAF-6 · Chapter 13 · Question 12 of 15
If a threat to compliance with the fundamental principles is identified, the ICAP Code requires the accountant to apply 'safeguards'. What is the purpose of these safeguards?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) To eliminate the threat or reduce it to an acceptable level.
Explanation
Safeguards are actions or other measures that may eliminate threats or reduce them to an acceptable level.
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