Which of the following is true of an auditor of a corporation?
A)The auditor must be an independent certified public accountant.
B)The auditor cannot use information about the corporation from third parties.
C)The auditor cannot inspect the corporation's real property unless he or she is closely associated with the company.
D)The auditor must provide a qualified opinion wherever possible,since it helps the company in its business practices.

Question

Quizplus · Accepted Answer

The auditor of a corporation must be an independent certified public accountant in order to ensure impartiality and objectivity in their audit of the company's financial statements. This requirement is set by auditing standards and regulations. Choices B and C are incorrect because auditors can use information from third parties, such as banks and customers, and inspect real property if deemed necessary for the audit. Choice D is also incorrect because the auditor must provide an unbiased opinion based on their findings, regardless of its impact on the company's business practices.

Which of the Following Is True of an Auditor of a Corporation