ICAEW SE · Chapter 8 · Question 16 of 18
Independence is often described as having two elements. What are they?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Independence of mind and independence in appearance
Explanation
Independence of mind is the state of mind that allows a conclusion to be reached without being affected by influences that compromise professional judgement. Independence in appearance means avoiding facts and circumstances that would lead a reasonable and informed third party to conclude that integrity, objectivity or professional scepticism has been compromised. Both are important for assurance engagements.
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