According to the Profession's Ethical Standards, an Auditor Would Be

question 18

Multiple Choice

According to the profession's ethical standards, an auditor would be considered independent in which of the following instances?

• A) The auditor's checking account, which is fully insured by a federal agency, is held at a client financial institution.
• B) The auditor is also an attorney who advises the client as its general counsel.
• C) An employee of the auditor serves as treasurer of a charitable organization that is a client.
• D) The client owes the auditor fees for two consecutive annual audits.

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Definitions:

Communication Gap

A communication gap occurs when there is a misunderstanding or lack of information between individuals or groups, leading to errors or conflicts.

Empowerment Gap

The disparity between individuals or groups regarding access to resources and opportunities that enable them to make decisions affecting their lives.

Empathy

The ability to understand and share the feelings of another, crucial for establishing meaningful connections and relationships.

Service Quality

Evaluating the degree to which a provided service meets the expectations of a customer.