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:

Perception

The process of organizing, interpreting, and understanding sensory information.

Cultivation Theory

A theory in communication that suggests long-term exposure to media, especially television, shapes viewers' perceptions of reality.

Socializing Agent

An individual, group, or institution that plays a role in integrating individuals into society, teaching social norms, and values.

Modern Society

A society characterized by advanced industry, technology, and a high level of cultural, economic, and political complexity.