Which of the Following Is True of a Conceptual Approach

question 48

Multiple Choice

Which of the following is true of a conceptual approach to auditor independence?

• A) Its applicability goes beyond any specific situation and mandates a proactive approach based on clearly articulated principles.
• B) It prohibits certain nonaudit services such as bookkeeping, valuations, actuarial, and internal audit outsourcing.
• C) It requires audit committee prior approval for any service provided by the auditors.
• D) It prevents the use of legalistic devices to avoid compliance.

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Definitions:

Restrictions

Limitations or constraints placed on actions, activities, or movements.

Facebook

Facebook is a widely-used social networking platform that allows users to create profiles, share photos and videos, send messages, and keep in touch with friends, family, and groups.

Twitter

A social media platform allowing users to post and interact with messages known as "tweets"; limited to short text messages and media.

Firms

Businesses or companies engaged in commercial, industrial, or professional activities.