Which of the following is an example of a familiarity threat to independence?
A) a bank account held with the client
B) performing services for the client that are then assured
C) both a and b
D) a former partner of the assurance firm holding a senior position with the client
Correct Answer:
Verified
Q24: Auditor independence is
A) defined as acting with
Q25: Professional behaviour refers to the obligation that
Q26: The key groups the external auditor has
Q27: Objectivity refers to the obligation that all
Q28: A self-interest threat refers to the threat
Q30: Threats to the independence of auditors include
A)
Q31: Shayna Kirschfield audits a company that has
Q32: Safeguards to independence are created by
A) accounting
Q33: Having policies and procedures to ensure the
Q34: Luanne Phong just joined the firm of
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