A Succinct,but Comprehensive Definition of Independence Is That an Auditor

question 23

Multiple Choice

A succinct,but comprehensive definition of independence is that an auditor ________.

• A)must be independent in fact and in appearance in order to maintain credibility
• B)must not have a direct financial interest in a client
• C)must have a licence to practise as a public accountant
• D)must not take on as an audit client a company owned by a member of his or her immediate family

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Definitions:

Atomic Nucleus

The central core of an atom containing protons and neutrons, and around which electrons orbit.

Radioactive Material

A material containing unstable nuclei that emit radiation as they decay, including alpha particles, beta particles, and gamma rays.

Atomic Nucleus

The dense center of an atom, containing protons and neutrons.

Atomic Nucleus

The dense region at the center of an atom, composed of protons and neutrons, around which electrons orbit.