An Example of a Safeguard to Independence Created by Accounting

question 69

Multiple Choice

An example of a safeguard to independence created by accounting firms is

• A) the establishment of a code of ethics.
• B) legislation that requires that an auditor be independent.
• C) the existence of client acceptance and continuation procedures.
• D) the establishment of an audit committee.

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Definitions:

Experience

The knowledge or practical wisdom gained from direct participation in events or activities.

Listening

The active process of receiving and understanding messages during communication, essential for effective interpersonal interactions and learning.

Analyzing

The process of examining data or information to extract insights or conclusions.

Excite

To invoke a heightened emotional state or a sense of enthusiasm and eagerness in someone.