Professional independence for auditors: (a) detracts from the ability of users to rely on the financial statements

Question:

Professional independence for auditors:

(a) detracts from the ability of users to rely on the financial statements to make their decisions.

(b) is the ability to act with integrity, objectivity, and professional scepticism.

(c) is important when the auditor acts independently, and it does not matter what people believe about the auditor’s independence.

(d) is only relevant to audits for new clients, not for continuing clients.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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