An Auditor Performing Nonaudit Work for a Client May Be

question 49

Multiple Choice

An auditor performing nonaudit work for a client may be in danger of violating the independence rules in Government Auditing Standards when he or she provides:

• A) Valuation services.
• B) Advice on establishing or improving internal controls.
• C) Benchmarking information to the client.
• D) The client with answers to technical questions.

---

Definitions:

Gross Domestic Product

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Monetary Value

The financial worth of an item, service, or asset, expressed in terms of currency.

Products and Services

The combination of physical goods and intangible activities that fulfill customer needs and wants.

Balance of Trade

The difference between a country's exports and imports of goods over a certain period, indicating the economic health of a nation.