Amendments to the Corporations Act State That Auditor Independence May

question 29

Multiple Choice

Amendments to the Corporations Act state that auditor independence may be compromised if an individual auditor or a professional member of the audit team:

• A) has ever been an officer or audit critical employee of the client
• B) has ever provided non-audit services to the client
• C) is currently employed by the client as an officer or an audit critical employee
• D) all of the above

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Definitions:

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, often characterized by delusions, hallucinations, and disordered thinking.

Cognitive-behavioral Approach

A remedy plan that deals with counterproductive emotions, activities, and perceptions through a methodical, aim-oriented course of action.

Hallucinations

Perceptual experiences that occur without an external stimulus, vivid and clear with the full force and impact of normal perceptions, and not under voluntary control.

Real Voice

The authentic expression or communication style of an individual, often reflecting their true thoughts, feelings, and personality.