Which of the following best describes why publicly-traded corporations follow the practice of having the external auditor appointed by the board of directors or elected by the stockholders?
A. To encourage a policy of rotation of the independent auditors.
B. To promote an adversarial relationship between the auditor and the corporation's management.
C. To give management more leverage over the auditor's decisions.
D. To enhance auditor independence from the management of the corporation.
Answer: D
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