According to the profession's rules of conduct,an auditor would be considered independent in which of the following instances?
A)The auditor is the officially appointed stock transfer agent of a client.
B)The auditor has a personal chequing account in a branch of a client bank.
C)The client has not paid its audit fees for the past three years.
D)The client is the only tenant in a commercial building owned by the auditor.

Question

Quizplus · Accepted Answer

Having a personal checking account in a branch of a client bank is considered a normal consumer relationship and does not impair an auditor's independence, provided the account is fully insured by a government deposit insurance agency and does not have a special arrangement.

According to the Profession's Rules of Conduct,an Auditor Would Be