It is very hard for auditors to remain independent of their clients, given that they are paid by their clients.Below are a number of possible mechanisms: I.ethical rules.
II)approved auditing standards.
III)audit committees.
Which of these mechanisms can help the auditor maintain their independence?
A)I and II only.
B)I and III only.
C)II and III only.
D)I, II and III.

Question

Quizplus · Accepted Answer

All three mechanisms are designed to help auditors maintain their independence. Ethical rules provide a moral framework, approved auditing standards offer a professional guideline, and audit committees serve as an oversight body to ensure auditors' independence from the management of the companies they audit.

It Is Very Hard for Auditors to Remain Independent of Their