Is based on the premise that felt needs cause human behavior.

Which of the following most completely describes how independence has been defined by the accounting profession?

A. Performing an audit from the viewpoint of the public. B. Avoiding the appearance of significant interests in the affairs of an audit client. C. Possessing the ability to act with integrity and objectivity. D. Accepting responsibility to act professionally and in accordance with a professional code of ethics.

A PE of 10 means that the firm's stock price is ten times the firm's

A) earnings per share. B) book value. C) net income. D) dividends.