"Independence" in Auditing Means

question 59

Multiple Choice

"Independence" in auditing means:

• A) maintaining an indirect financial interest.
• B) not being financially dependent on a client.
• C) taking an unbiased and objective viewpoint.
• D) being an advocate for a client.

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Definitions:

Distribution

In statistics, distribution refers to the way in which data is spread out or dispersed across a range of values.

Relative Frequency Histogram

A type of histogram which shows the relative frequencies of different values within a dataset.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

Frequency Distributions

A tabular or graphical representation of statistical data that shows how often different values occur in a dataset.