According to the Profession's Rules of Conduct,an Auditor Would Be

question 26

Multiple Choice

According to the profession's rules of conduct,an auditor would be considered independent in which of the following instances?

• A)The auditor is the officially appointed stock transfer agent of a client.
• B)The auditor has a personal chequing account in a branch of a client bank.
• C)The client has not paid its audit fees for the past three years.
• D)The client is the only tenant in a commercial building owned by the auditor.

---

Definitions:

Dizygotic Twins

Also known as fraternal twins, born from two separate eggs fertilized by two different sperm, sharing about 50% of their DNA.

Ethnic Groups

Categories of people who identify with each other based on shared cultural, ancestral, or national characteristics.

Monozygotic Twins

Identical twins that develop from a single fertilized egg, sharing the same genetic material.

Fraternal Twins

Twins that are born from two separate eggs fertilized by two different sperm, resulting in siblings that are genetically distinct from one another.