The Auditor Must Be Independent of the Audit Client Unless

question 5

Multiple Choice

The auditor must be independent of the audit client 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:

Luncheon

A formal or informal meal taken in the middle of the day, typically involving a variety of foods.

Chef

A professional cook, often the head of a kitchen in a restaurant or hotel.

Feet

A unit of length in the imperial and US customary systems, equal to 12 inches or 0.3048 meters.

12-Gauge

A term commonly referring to the caliber of a shotgun, based on the number of lead balls of size equal to the shotgun's bore that can be made from one pound of lead.