An auditor for a company cannot also perform appraisal functions.

Name: An auditor for a company cannot also perform appraisal functions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An auditor should be independent and objective in their assessment of the company's financial statements. If they also perform appraisal functions, there may be a conflict of interest and their objectivity could be compromised. Therefore, it is generally not acceptable for an auditor to also perform appraisal functions for the same company.

An Auditor for a Company Cannot Also Perform Appraisal Functions