According to the Profession's Ethical Standards, an Auditor Would Be

question 84

Multiple Choice

According to the profession's ethical standards, an auditor would be considered independent in which one of the following instances?

• A) The client owes the auditor fees for the last two annual audits.
• B) An employee of the audit firm acts as the honorary treasurer for a charity that is an audit client.
• C) The auditor's main bank account is held at a client financial institution.
• D) The auditor is also a solicitor advising the client.

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Definitions:

Encoding Feedback

The process of transforming thoughts or reactions into a communicable form, often used in the context of providing constructive criticism or evaluation.

Creating Meaning

The process of making sense or attributing significance to experiences or expressions.

Sharing Sense

The practice of creating mutual understanding or common perspectives among individuals or groups.

Manager

Someone who has been appointed to coordinate and facilitate, to keep things organized and accomplish a task.