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:

Aerobically Fit

Refers to a state of physical fitness characterized by improved efficiency of the cardiovascular system in absorbing and transporting oxygen.

Blood

A vital fluid in humans and animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Interval Training

A type of workout alternating between periods of high-intensity exercise and periods of lower intensity or rest, effective for building endurance and strength.

Aerobic Workouts

Exercises that increase the heart rate and promote the circulation of oxygen through the blood, improving overall fitness.