The Auditor Must Be Independent of the Auditee Unless

question 9

Multiple Choice

The auditor must be independent of the auditee unless:

• A)the lack of independence does not influence his or her professional judgment.
• B)both parties agree that the independence issue is not a problem.
• C)the lack of independence is insignificant.
• D)none of the above-the auditor cannot lack independence.

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Definitions:

StdDev

Another term for standard deviation, indicating how much individual data points deviate from the mean.

Median

The central number that splits a dataset into two equal parts, distinguishing the upper half from the lower half.

Ogive

A graphical representation of the cumulative frequency or cumulative relative frequency on a graph, often used in statistics.

IQR

The interquartile range (IQR) is a measure of statistical dispersion, representing the difference between the 75th (upper quartile) and 25th (lower quartile) percentiles of a data set.