As an External Auditor Is Paid a Fee by a Client

question 12

Multiple Choice

As an external auditor is paid a fee by a client company,he or she

• A)is absolutely independent and may conduct an audit.
• B)may still be sufficiently independent to conduct an audit.
• C)is never considered to be independent.
• D)must receive approval from the relevant provincial securities commission before conducting an audit.

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Definitions:

Neurons

Specialized cells within the nervous system responsible for conveying information to other nerve cells, muscles, or glands.

Autonomic Nervous System

The part of the peripheral nervous system that controls the glands and the muscles of the internal organs (such as the heart). Its sympathetic division arouses; its parasympathetic division calms.

Sympathetic Nervous System

The division of the autonomic nervous system that arouses the body, mobilizing its energy in stressful situations.

Parasympathetic Nervous System

The division of the autonomic nervous system that calms the body, conserving its energy.