Independence

Do auditors need to be independent in fact?

• Not always
• Yes
• Sometimes
• No

Does conflict of interest matter in other fields of business aside from accounting?

• Yes
• No
• Only in finance
• It depends on the situation

What does "conflict of interest" mean?

• A situation where a person or organization has no interests or loyalties.
• A situation where a person or organization has competing interests or loyalties that could potentially influence their actions or decisions in an unfair or biased manner.
• It means nothing.

• A situation where a person or organization has interests or loyalties that do not influence their actions or decisions.

Should accountants be restricted by independence laws?

• Sometimes
• Yes- always.

• No
• Only for certain industries

How does signing a NDA limit conflicts of interest?

• By allowing the parties involved to freely share confidential information.
• By providing a platform for resolving conflicts of interest.
• By encouraging the parties involved to disclose conflicts of interest.
• By legally binding the parties involved to keep certain information confidential.

If independence is impaired, should it be disclosed?

• Sometimes
• Maybe
• Yes
• No