To Emphasise Auditor Independence from Management, Many Entities Follow the Practice

question 33

Multiple Choice

To emphasise auditor independence from management, many entities follow the practice of:

• A) appointing a partner of the audit firm conducting the audit to the entity's audit committee.
• B) having the auditor report to an audit committee of external members of the board of directors.
• C) requesting that a representative of the auditor be on hand at the annual general meeting.
• D) establishing a policy of discouraging social contact between employees of the entity and the staff of the auditor.

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Definitions:

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