An Example of a Safeguard to Independence Created by Accounting

question 18

Multiple Choice

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

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

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Definitions:

Foreign Language

A language that is not the native language of the speaker, but that is used in the area of the speaker.

Polychronic Cultures

Societies that prefer multi-tasking and consider time to be fluid and less strict regarding schedules.

Time

A continuous sequence of existence, progressing from past through present to future.

Lack of Motivation

A state where an individual or a group has a diminished or absent drive to engage in activities or pursue goals.