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

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Definitions:

Tuskegee Syphilis

A notorious and unethical study conducted between 1932 and 1972 by the U.S. Public Health Service on the effects of untreated syphilis in African American men.

African American

A term referring to Americans of African descent, particularly those whose ancestors were brought to America through the transatlantic slave trade.

Risk-Benefit

The comparison between the potential risks and benefits of a specific action or decision, often used in healthcare and research to make informed choices.

Cost-Benefit

A comparison that assesses the relative advantages and disadvantages of certain decisions, actions, or policies in terms of both their costs and their benefits.