If an auditor is not independent of the client, it is unlikely that a user of financial statements will place much reliance on the CPA's work.

Question

Quizplus · Accepted Answer

This statement is true. Auditors are expected to be independent in order to provide unbiased and reliable opinions on a company's financial statements. If they are not independent, their work may be deemed untrustworthy and users of financial statements may not rely on it.

If an Auditor Is Not Independent of the Client, It