When the users of financial statements have confidence in the independence of the public accountant,it is referred to as independence in
A)fact.
B)appearance.
C)conduct.
D)total.

Question

Quizplus · Accepted Answer

Independence in appearance refers to the perception of the public accountant's independence by external users of financial statements. It is important for users to have confidence in the independence of the auditor to ensure that the financial statements are reliable and unbiased. Independence in fact refers to the auditor's actual independence while conducting the audit. Independence in conduct refers to the auditor's adherence to ethical and professional standards during the audit process. Total independence refers to a combination of all three types of independence.

When the Users of Financial Statements Have Confidence in the Independence