Independent auditors are referred to as 'independent' because:
A)their offices are not at the entity's place of business.
B)they are not employees of the entity being audited.
C)they are paid by parties outside of the audited entity.
D)they report to users outside of the audited entity.

Question

Quizplus · Accepted Answer

Independent auditors are not employees of the entity being audited, hence they are referred to as 'independent'. The other options do not fully capture the concept of independence.

Independent Auditors Are Referred to as 'Independent' Because