Which of the Following Generally Accepted Auditing Standards Suggests That

question 39

Multiple Choice

Which of the following generally accepted auditing standards suggests that an auditor should not have a financial interest in an audit client?

• A)Professional care
• B)Disclosure
• C)Independence
• D)Some other standard

---

Definitions:

True Population Value

The actual value of a parameter (e.g., mean, proportion) for the entire population being studied, which research attempts to estimate.

Probability

A measure of the likelihood that an event will occur, represented numerically between 0 (impossible) and 1 (certain).

Reactivity

The phenomenon in which the presence of an observer or the awareness of being observed alters the behavior of those being observed.

Reliability

The consistency of a measure or instrument, such that it yields the same results under consistent conditions across multiple trials.