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Welcome to this year’s Engagement Independence course.

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Independence is foundational to audit quality.

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Our regulators have continued to focus on the critical

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importance of independence, including consideration of the

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SEC General Standard of Independence.

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We maintain a system of quality control to comply with our

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independence obligations, in both fact and in appearance.

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This training is an important element of that system of

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quality control, to help you understand your role in

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maintaining the firm’s independence on your engagements.

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A significant update impacting our audits this year is the

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implementation of revised standards on group audits. While

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not covered in this course, training on the independence

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implications of these standards is an important part of the

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group audits curriculum.

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Thank you for your time and attention to this training.

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Recognizing the importance of independence, and being

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diligent in performing necessary independence procedures,

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helps us in maintaining the integrity of our audits and the

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protection of the markets we serve.