Independence is unaffected when an audit firms sues a client's management for fraudulent financial reporting.

Name: Independence is unaffected when an audit firms sues a client's management for fraudulent financial reporting.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Independence is affected because suing a client's management for fraudulent financial reporting creates an adversarial relationship, which compromises the auditor's ability to remain unbiased and impartial.

Independence Is Unaffected When an Audit Firms Sues a Client's