Audit committees should consider all factors that might affect the independence of which of the following:

Question

Quizplus · Accepted Answer

Audit committees should consider all factors that might affect the independence of external auditors, as they are responsible for providing unbiased and objective opinions on the financial statements of the organization. Considering factors such as the level of fees received from the organization, non-audit services provided, and the length of the audit engagement, among others, can help ensure that the external auditors maintain their independence and integrity in carrying out their responsibilities. While the independence of the CEO and CFO is also important, it is not the primary focus of the audit committee's responsibilities.

Audit Committees Should Consider All Factors That Might Affect the Independence