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Williams associates is a small firm with three

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16.Williams & Associates is a small firm with three partners. The audit partner, being the only registered companyauditor in the firm, retired from the firm on 31 August 20X0. On this date the partner wrote a letter to theAustralian Securities and Investments Commission (ASIC) requesting permission to resign as auditor of all of hisclients. ASIC gave its consent to the resignation effective from 31 October 20X0. The auditor of the audit clients inthe period from 31 August to 31 October 20X0 is:A.the retiringpartner.B.Williams &Associates.C.Australian National Audit Office asnominee.D.the next most senior partner of Williams &Associates.
AACSB: EthicsDifficulty: HardLearning Objective: 03.02 Outline the essence of the accounting bodies' code of ethicsTopic: Accounting bodies’ code of ethics17.Which of the following is not an ethical decision-making model?
AACSB: EthicsDifficulty: EasyLearning Objective: 03.03 Apply sound ethical decision-making techniquesTopic: Applying ethics18.Which of the following is not a step in the American Accounting Association ethical decision-making model?
AACSB: EthicsDifficulty: EasyLearning Objective: 03.03 Apply sound ethical decision-making techniquesTopic: Applying ethics
19.Which of the following is not a key factor to be considered in the framework for decision making in APES 110?
AACSB: EthicsDifficulty: EasyLearning Objective: 03.03 Apply sound ethical decision-making techniquesTopic: Applying ethics20.Independence means that the auditor:A.must be impartial with respect to theclient.B.must adopt the attitude of a detective during theaudit.C.has an obligation solely to thirdparties.D.cannot provide any other professional services to an auditclient.
AACSB: EthicsDifficulty: EasyLearning Objective: 03.04 Explain the concept and importance of auditor independenceTopic: Auditor independence21.An auditor is independent if they are:
AACSB: EthicsDifficulty: EasyLearning Objective: 03.04 Explain the concept and importance of auditor independenceTopic: Auditor independence

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