Multiple Choice
How is the CPA firm insulated from being pressured by management?
A) The audit committee approves hiring, firing and fees paid to external auditors.
B) The chairman of the board approves the external auditor's fees as well as the engagement letter.
C) The IRS approves the external auditor's fees as well as the engagement letter.
D) The CPA firm is not insulated from management.
Correct Answer:
Verified
Correct Answer:
Verified
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