Research on the psychology of conflicts of interest suggests that an auditor is psychologically incapable of maintaining a truly unbiased judgment as long as:
A)The auditor depends on its clients for future contracts.
B)The auditor is forced to disclose conflicts of interest.
C)The auditor is believed to personally be immune to conflicts of interest.
D)All of the above.

Question

Quizplus · Accepted Answer

Research has shown that when a professional depends on a client for future contracts or revenue, they are more susceptible to bias and are unable to maintain complete objectivity. This bias can lead to the auditor prioritizing the interests of the client over the accuracy and completeness of the audit report. Forced disclosure of conflicts of interest and the belief of being personally immune to conflicts of interest may help mitigate some potential bias, but do not eliminate it entirely.

Research on the Psychology of Conflicts of Interest Suggests That