RISK 1

Edit Answers
12345678
Across
  1. 2. Possibility of something going wrong
  2. 5. Independence status applied to individuals subject to additional audit‑related restrictions
  3. 7. Immediate family members defined as individuals who receive more than half of their support from the professional; can be unrelated and may include adult children or elderly parents
  4. 8. Regularly review and track personal financial interests to ensure ongoing independence compliance
Down
  1. 1. Program that automatically updates KICS portfolios through a daily electronic data feed for activated brokerage accounts.
  2. 3. Acronym for the KPMG system used to report and monitor personal financial relationships for independence compliance.
  3. 4. Entity whose financial statements are examined by an independent auditor
  4. 6. Free from relationships or interests that could compromise integrity, objectivity, or professional judgment