Podcast
Questions and Answers
An accountant's independence will not be impaired by an accountant providing ______ accounts or testimony.
An accountant's independence will not be impaired by an accountant providing ______ accounts or testimony.
factual
The PCAOB proposed standard on auditor independence also prohibits registered auditors from performing certain ______ services to their audit clients.
The PCAOB proposed standard on auditor independence also prohibits registered auditors from performing certain ______ services to their audit clients.
tax
Authoritative guidelines focus on two concepts of auditor independence: independence in ______ and independence in appearance.
Authoritative guidelines focus on two concepts of auditor independence: independence in ______ and independence in appearance.
fact
Independence in fact states that external auditors should be ______, impartial, objective, and unbiased, and have an objective state of mind.
Independence in fact states that external auditors should be ______, impartial, objective, and unbiased, and have an objective state of mind.
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Section 206 prohibits auditors from performing an audit for a company whose ______ was employed by the accounting firm during the one-year period preceding the audit.
Section 206 prohibits auditors from performing an audit for a company whose ______ was employed by the accounting firm during the one-year period preceding the audit.
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Section 203 requires the lead audit or coordinating partner and reviewing partner to ______ off the audit every five years.
Section 203 requires the lead audit or coordinating partner and reviewing partner to ______ off the audit every five years.
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Several regulators and professional organizations have issued authoritative ______ to assist in preserving auditor independence.
Several regulators and professional organizations have issued authoritative ______ to assist in preserving auditor independence.
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Auditor independence rules are addressed in several provisions of ______.
Auditor independence rules are addressed in several provisions of ______.
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External auditors should be perceived as being independent in the ______ mind.
External auditors should be perceived as being independent in the ______ mind.
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The PCAOB proposed standard on auditor independence also prohibits registered auditors from performing certain aggressive ______ shelters to their audit clients.
The PCAOB proposed standard on auditor independence also prohibits registered auditors from performing certain aggressive ______ shelters to their audit clients.
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