According to the profession$$s ethical standards, an auditor would be considered independent in which of the following instances?

Multiple Choice

The auditor is the officially appointed stock transfer agent of a client.

The auditor$$s checking account that is fully insured by a federal agency is held at a client financial institution.

The client owes the auditor fees for more than two years prior to the issuance of the audit report.

The client is the only tenant in a commercial building owned by the auditor.