Independence is often referred to as the cornerstone of the auditing profession.

Name: Independence is often referred to as the cornerstone of the auditing profession.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Independence is a fundamental requirement for auditors to maintain their objectivity and impartiality, which are essential for ensuring the integrity of financial statements and other audit work. Hence, independence is considered the cornerstone of the auditing profession.

Independence Is Often Referred to as the Cornerstone of the Auditing