Which of the Following Statements Is True with Respect to the PCAOB

question 75

Multiple Choice

Which of the following statements is true with respect to the PCAOB and SEC's concept of independence when an auditor both prepares financial statements and audits those financial statements for a client?

• A)The auditor is not independent.
• B)The auditor is independent if he or she is able to maintain a level of professional detachment.
• C)The auditor can audit the financial statements only if the audit process does not culminate in the expression of an opinion on the financial statements.
• D)The auditor cannot audit the financial statements since a lack of integrity exists.

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Definitions:

Continuous Connectivity

The state of being in constant communication with others through digital devices, leading to an expectation of immediate response and interaction.

Turkle

Sherry Turkle is an academic who studies the psychology of online relationships and digital technology's impact on society.

Adolescents

The phase of life between childhood and adulthood, typically between the ages of 10 and 19, characterized by significant physical, psychological, and social changes.

Temporarily

Refers to something occurring for a limited time period, not permanent or enduring.