The auditor's ultimate defence where conflicts are sufficiently great so as to compromise objectivity is:
A) APES 110.
B) the working papers.
C) resignation.
D) whistle blowing.

Question

Quizplus · Accepted Answer

When conflicts are sufficiently great so as to compromise objectivity, the ultimate defence for an auditor is resignation from the audit engagement, as continuing could potentially breach ethical requirements and render the auditor liable for their actions. While APES 110 provides guidance on ethical standards, working papers provide support for the audit work conducted and whistleblowing may be appropriate in certain circumstances, but none of these options act as a final safeguard against compromised objectivity.

The Auditor's Ultimate Defence Where Conflicts Are Sufficiently Great So