Which of the Following Is Not a Safeguard That Is

question 66

Multiple Choice

Which of the following is not a safeguard that is ordinarily considered in evaluating threats to auditor independence?

• A)Safeguards created by the Audit Committee Reference Group.
• B)Safeguards created by the profession,legislation,or regulation.
• C)Safeguards implemented by the attest client.
• D)Safeguards implemented by the CPA firm.

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Definitions:

Technological Advances

Improvements in technology, which typically lead to more efficient production processes, new products, or improved ways to perform tasks.

Diffusion

The process through which new ideas, products, or practices spread within a population or society.

Expected Rate of Return

The anticipated amount of profit or loss an investment is likely to generate, typically expressed as a percentage of the investment's initial cost.

R&D Expenditure

Refers to the funds allocated by a business or government for the purpose of researching and developing new products, processes, or services.