The statement about auditor independence that is true is:
A) statutory law does not recognise the need for audit independence.
B) statutory law recognises the need for audit independence.
C) all auditor appointments must be made by the shareholders in the AGM.
D) the auditor has no right to be heard at the AGM.

Question

Quizplus · Accepted Answer

Statutory law indeed recognizes the need for audit independence to ensure that auditors provide an unbiased and objective opinion on the financial statements of a company. This is fundamental to maintaining trust in the financial reporting process.

The Statement About Auditor Independence That Is True Is