AICPA independence requirements suggest that a CPA should evaluate whether a particular threat to independence would lead a reasonable person, aware of all the relevant facts, to conclude that: aA questioning mind reveals doubt as to independence.bAn unacceptable risk of non-independence exists.cThe accountant is definitely not independent.dThere is substantial cause for a legal finding of non-independence.

AICPA: It is the world's largest National professional organisation which represents the accounting…

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Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 7RQSC

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AICPA independence requirements suggest that a CPA should evaluate whether a particular threat to independence would lead a reasonable person, aware of all the relevant facts, to conclude that:

A questioning mind reveals doubt as to independence.

An unacceptable risk of non-independence exists.

The accountant is definitely not independent.

There is substantial cause for a legal finding of non-independence.

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