QUESTION 21 Auditing standards for public companies are established by the SEC. FASB. . IRS. QUESTION 22 If the auditor lacks independence, a disclaimer of opinion must be issued only if it is pervasive. only if it is highly material. only if it is material but not pervasive. O in all cases. QUESTION 23 Which of the following is a correct statement regarding audit evidence? O A large sample of evidence provided by an independent party is always considered persuasive evidence. O A small sample of only one or two pieces of highly appropriate evidence is always considered persuasive evidence. The auditor must obtain a sufficient amount of relevant and reliable evidence to form an opinion on the fairness of the financial statements. The persuasiveness of the evidence can be evaluated based on only the appropriateness of the evidence