Which of the following generally accepted auditing standards suggests that an auditor should not have a financial interest in an audit client?
A)Professional care
B)Disclosure
C)Independence
D)Some other standard

Question

Quizplus · Accepted Answer

The standard of independence requires an auditor to be free from any financial, business, or personal relationships with the audit client that could impair their objectivity and impartiality in the audit process. Having a financial interest in an audit client could compromise the auditor's independence and credibility. Therefore, it is important for auditors to maintain their independence while conducting an audit.

Which of the Following Generally Accepted Auditing Standards Suggests That