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Management Sciences
MEDIUM
ENGLISH
Management Sciences
Which of the following statements is INCORRECT?
An auditor may serve on the board of directors of an audit client.
Correct answer
B
An auditor who is an immediate family member of the director of an audit client must not be assigned to the audit team.
Option B
C
Purchasing goods from an audit client on normal commercial terms does not create a threat to the auditor’s independence.
Option C
D
An auditor who was recently a director of an audit client must not be assigned to the audit team for that client.
Option D
Correct answer: A
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