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Answer :
Safeguard that can help to mitigate threats to independence is safeguards performed by the audit firm that are the responsibility of management. The answer is D.
Safeguards to mitigate threats to independence can be categorized into three categories:
(1) safeguards created by the audit firm, (2) safeguards created by the corporate governance system of the attest client, and (3) safeguards created by the Sarbanes-Oxley Act.
Safeguards created by the audit firm include rotating audit partners, using internal quality control procedures, and establishing policies and procedures to maintain independence.
Safeguards created by the corporate governance system of the attest client include having an independent audit committee and having a code of conduct for employees.
Safeguards created by the Sarbanes-Oxley Act include restrictions on non-audit services provided by audit firms to their audit clients.
Safeguards performed by the audit firm that are the responsibility of management would not be considered a safeguard to mitigate threats to independence, as these are not independent safeguards but are rather the responsibility of the management of the client.
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