When a CPA who is not independent is
associated with financial statements, he
would be precluded from expressing an
opinion becausea. The public would be aware of his lack of
independence and would place little or
no faith in his opinion.
b. He would place himself in the position of
suffering an adverse decision in a
possible liability suit.
c. He would be in the position of auditing
his own work.
d. Any auditing procedures he might
perform would not be in accordance
with generally accepted auditing
standards
associated with financial statements, he
would be precluded from expressing an
opinion becausea. The public would be aware of his lack of
independence and would place little or
no faith in his opinion.
b. He would place himself in the position of
suffering an adverse decision in a
possible liability suit.
c. He would be in the position of auditing
his own work.
d. Any auditing procedures he might
perform would not be in accordance
with generally accepted auditing
standards