Problem
1. Describe an ethical dilemma. How does a person resolve an ethical dilemma?
2. Why is there a special need for ethical behavior by professionals? Why does the need for ethical requirements of Auditors differ from other professions?
3. Distinguish between independence in fact and independence in appearance. State two activities that may not affect independence in fact but are likely to affect independence in appearance.
4. Why is an auditor's independence so essential?