Independence is required
A) Under GAAS but not attestation standards.
B) Under both GAAS and attestation standards.
C) Under attestation standards but not GAAS.
D) Is preferred but not required under both GAAS and attestation standards.

Question

Quizplus · Accepted Answer

Independence is required under both GAAS and attestation standards. GAAS requires auditors to maintain independence in mental attitude when providing an audit of financial statements, while attestation standards require independence when providing examination, review, or agreed-upon procedures engagements.

Independence Is Required