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Which statement best describes the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence

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Every organization has its own rules. The statement that best describes the Federal Deposit Insurance Corporation's is that The FDIC has issued policy statements that address auditor independence in various contexts.

  • Independence in auditing needs integrity and an objective way in all audit process. It also requires the auditor to perform his or her task freely and in a focused way.

The Independence of the internal auditor is simply known as the freedom  from parties or people whose interests can be harmed by the outcomes of an audit.

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Which statement best describes an element of the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence?

FDIC independence requirements incorporate requirements for attorneys and actuaries.

FDIC independence requirements mirror the AICPA and DOL independence rules.

The FDIC has issued policy statements that address auditor independence in various contexts.

The FDIC has adopted regulations that incorporate IESBA independence rules.

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