alleryStart learning →Which proposal in the EC's Eighth Directive aimed to remove conflicts of interest for auditors?
ABarring advisory work
BDoubling audit fees
CBanning all audits
DEnding audit committees
Answer & Solution
Correct answer: A. Barring advisory work
Barring advisory work for audit clients was proposed to remove conflicts, though it was never made a requirement.
Keep practising Auditor Independence
Browse all Auditor Independence questions for CA Final, or explore more Auditing topics.
Related questions
Before any order under Section 21B(3), the member must be given what?Which action can the Section 21B Disciplinary Committee take against a guilty member?How many Disciplinary Committee members does the Central Government nominate under SectionUnder Section 21B, who is the Presiding Officer of the Disciplinary Committee?Under Section 28D(2), who bears the Quality Review Board's expenditure?Under Section 28B, the Quality Review Board reviews the quality of which services?How many Quality Review Board members does the ICAI Council nominate under Section 28A(3)?The Quality Review Board has a Chairperson and how many other members?