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.

---

Definitions:

Future States

Potential and envisioned scenarios or conditions that an organization or system aims to achieve in the long term.

Alternative Future

Various possible future scenarios that are developed to help in strategic planning and decision-making.

Contingency Planning

The process of preparing for unexpected events by identifying potential risks and devising strategies to mitigate them.

Different Courses

Refers to a variety of educational or training programs that cater to diverse learning objectives, skills, or interests.