The Term "Safeguard," as It Used in Determining Auditor Independence,refers

question 3

Multiple Choice

The term "safeguard," as it used in determining auditor independence,refers to:

• A) Actions or other preventative measures that reduce threats to auditor independence to an acceptable level
• B) Actions or other preventative measures that eliminate all known threats to auditor independence
• C) Actions or other preventative measures that eliminate all threats, known and unknown, to auditor independence
• D) Actions taken by a client to protect confidential information from subsequent disclosure by an audit team

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, often used by governments to plan economic policies.

Federal Government

The system of government in which power is divided between a central authority and constituent political units (such as states or provinces), with the United States government being a prime example.

Cabinet Departments

Major administrative units within the executive branch of the U.S. government, each headed by a Secretary, responsible for a specific area of government policy.

Public Bureaucracy

The body of government officials and administrators, often career civil servants, responsible for implementing policies and administering public programs.