Which one of the following is not an example of an independence violation?
A)Audit partner's spouse is the CFO at a client.
B)Audit firm accepts money for conducting the audit.
C)Auditors owning a small amount of stock in a client.
D)Providing investment tips to friends about clients.

Question

Quizplus · Accepted Answer

Accepting money for conducting an audit is a clear violation of independence and goes against the principles of objectivity and integrity. A, C, and D are examples of independence violations, as they involve personal or financial relationships with the client that could compromise the auditor's independence.

Which One of the Following Is Not an Example of an Independence