What is the meaning of the rule of professional conduct that requires an auditor to be objective?
A) The auditor must have an attitude of professional skepticism toward an auditee's
management.
B) The auditor may have a material, indirect financial interest in a client's business as
long as it does not affect his or her judgment.
C) The auditor has an obligation to serve the needs of the audit client.
D) The auditor has an obligation to CPA Canada to not use his or her training for
personal advantage.
A) The auditor must have an attitude of professional skepticism toward an auditee's
management.
You might also like to view...
Which of the following should you NOT do when reviewing a scholarly article?
a. Introduce the article. b. Describe the research methods used. c. Summarize the article’s weaknesses. d. Discuss the author’s additional texts.
A sales contract requires the seller to deliver 100 shirts to the buyer. Upon inspection the buyer
discovers that 99 shirts conform to the contract but one does not. The buyer may reject the whole shipment, accept the whole shipment, or accept the 99 shirts and reject the one. Indicate whether the statement is true or false
Under the Fair Credit Billing Act, if a consumer reports an error in the amount on his charge account bill, until the creditor responds, it cannot:
a. take any action to collect the disputed amount. b. restrict the use of an open-ended credit account because the disputed amount is unpaid. c. report the disputed amount as delinquent. d. All of these are correct.
Investors and creditors look at the balance sheet to see whether the company:
A. has had positive cash flows from operating activities. B. can maintain its existing product line. C. owns enough assets to pay all that it owes to creditors. D. is profitable.