An Auditor Maintains No Direct Financial Interest in the Company

question 129

Multiple Choice

An auditor maintains no direct financial interest in the company he or she is auditing.The principle being followed is

• A)independence.
• B)integrity.
• C)objectivity.
• D)due care.

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Definitions:

Increase in Supply

A shift to the right of the supply curve, indicating a higher quantity supplied at each price.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Hula Hoops

A popular toy consisting of a large plastic ring that is twirled around the waist, limbs, or neck for recreational activity or exercise.

Supply Curve

A graphical representation showing the relationship between the quantity of goods supplied by producers and the price of those goods.