When independence is lacking, an audit in accordance with generally accepted accounting standards is still possible.

Name: When independence is lacking, an audit in accordance with generally accepted accounting standards is still possible.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Independence is a fundamental requirement for auditors to conduct an audit in accordance with generally accepted auditing standards. Without independence, the audit's objectivity and credibility are compromised.

When Independence Is Lacking, an Audit in Accordance with Generally