Auditors are periodically punished for holding an investment in a client. This violates which ethical rule?...
Auditors are periodically punished for holding an investment in a client. This violates which ethical rule?
| A |
Confidentiality. |
|
| B |
Non compliance with GAAP. |
|
| C |
Integrity. |
|
| D |
Independence. |
Homework Answers
One of the ethical rule the auditor need to comply is Independence. Independence of audit is affected if the auditor has any financial interest in the business of client being audited. Hence, holding investment in the client violates INDEPENDENCE.
Answer: INDEPENDENCE
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