Listen Auditor's independence is not threatened if the lead auditor obtains a large mortgage from the client bank (that he/she performs the audit for) as long as the mortgage has the same terms as granted to other customers of the bank in the normal course of business.

Question 43 options: True False Question 44 (1 point)

Listen The PA will remain independent if throughout the audit the client threatens to sue the PA for negligence.

Question 44 options: True False Question 45 (1 point)

Listen The disclaimer the auditor issues on a compilation engagement is "Notice to Reader"

Question 45 options: True False