An "accountable party" can be all of the following at the same time except ________.
A)an auditor
B)an entity
C)a client
D)an auditee

Question

Quizplus · Accepted Answer

An accountable party refers to an entity, client, or auditee that is responsible for providing an accurate and trustworthy account of their financial or performance-related information. An auditor, on the other hand, is responsible for providing an independent and objective opinion on the accuracy and reliability of the accountable party's information. Therefore, an auditor cannot be considered an accountable party themselves.

An "Accountable Party" Can Be All of the Following at the Same