According to the Profession's Rules of Conduct,an Auditor Would Be

question 26

Multiple Choice

According to the profession's rules of conduct,an auditor would be considered independent in which of the following instances?

• A)The auditor is the officially appointed stock transfer agent of a client.
• B)The auditor has a personal chequing account in a branch of a client bank.
• C)The client has not paid its audit fees for the past three years.
• D)The client is the only tenant in a commercial building owned by the auditor.

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Definitions:

Secretary Of State

A high-ranking official in the government responsible for conducting foreign affairs and the chief diplomat of a country.

Federal Government

The system of government in which power is divided between a central government and individual states, characteristic of a federation.

Liberties Or Freedom

Freedom from restrictive control by authorities over one's lifestyle, actions, or political viewpoints within a societal framework.

Nullification Crisis

A confrontation between the state of South Carolina and the federal government in 1832-33 over the state's attempt to nullify federal tariffs.