If a CPA is unable to implement effective safeguards, what should the CPA do?

Question

Quizplus · Accepted Answer

If a CPA is unable to implement effective safeguards, the best course of action is to decline the engagement. It is the responsibility of the CPA to ensure that they can perform the professional service with a reasonable expectation of success. If effective safeguards cannot be implemented, there is a risk of noncompliance with professional standards, which could result in legal and ethical consequences. Documenting the identified threats and evaluating their significance are important steps, but they do not address the inability to implement effective safeguards. Therefore, the best choice is to decline the engagement.

If a CPA Is Unable to Implement Effective Safeguards, What