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ent: Chapter 1: Homework ng: 0:04:41 - Warning! jo5ar11h_ch01.03m Independence in fact means that a third party with knowled
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Answer:

b. False

Explanation:

Independence in fact means the auditor is unbaised and objective. An auditor could be independent in fact if he or she owned a few shares of common stock in an audit client, but might not appear independent to a third party. Independence in appearance means that a third party with knowledge of the auditors relationship with the client would consider the auditor to be independent.

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