The requirement for auditors to act in the public interest is a fundamental principle of the auditing profession, as stated in various auditing standards and codes of conduct. A and D are specific rules or requirements that address certain situations, while B is a more general statement that does not have clear guidelines or enforcement mechanisms.

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APES 110

Question 16

Multiple Choice

APES 110:

A) prohibits tendering for an audit currently done by another audit firm.
B) encourages but does not require auditors to refrain from unwanted solicitation.
C) requires auditors to act in the public interest.
D) prohibits offers of employment to employees of another audit firm without notice.

Correct Answer: