What is the essential meaning of the generally accepted auditing standard that requires the auditor to be independent?
A) The auditor must be without bias with respect to the auditee.
B) The auditor must adopt a critical attitude during the audit.
C) The auditor's sole obligation is to third parties.
D) The auditor may have a direct ownership interest in his auditee's business if it is not material.
Answer: A) The auditor must be without bias with respect to the auditee.
You might also like to view...
Targeting people who wish to improve their sex lives using herbs and supplements is an example of which type of segmentation?
A) demographic B) geographic C) benefit D) geodemographic
Regarding company interactivity with customers:
A) companies should avoid confusing customers with a broad variety of media. B) companies should look for every conceivable opportunity to interact. C) over-communicating–sending too many messages is a widespread problem. D) All of the above.