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com%252F#act Saved Help 2 Generally accepted auditing standards require auditors to be independent. Included within this standard are the concepts of independence in fact and
com%252F#act Saved Help 2 Generally accepted auditing standards require auditors to be independent. Included within this standard are the concepts of independence in fact and independence in appearance. Required: For each of the following, identify whether it is most appropriately associated with independence in fact (Fact), independence in appearance (Appearance), both (B), or neither (N). 1 points 8 00:29:55 Fact Appearance Fact eBook a. Relates to the auditors' "state of mind." b. Relates to others' perceptions of the auditors' independence. c. Reflects an unbiased and impartial perspective with respect to the financial statement audit. . The auditors' firm provides extensive consulting services to the client; these services provide revenues to the firm that exceed revenues received from the audit engagement. The spouse of the partner in charge of the audit engagement occupies an executive-level position within the client. A distant relative of a partner within the firm occupies an entry-level position within the client of the firm. (The audit is conducted by another office of the firm with which the partner has infrequent contact). A staff member within the firm owns shares of stock of one of that firm's clients. (She is not a member of the 9 engagement team serving that client.) d. . Appearance Appearance B B
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