AAT Diagnostics

Here are the correct answers (marked in green and with a tick):

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Question 5

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In relation to independence in a review and assurance engagement what must a firm/member ensure?

	An AAT Licensed Accountant or AAT Licensed Bookkeeper being independent of the client in the public interest.
	Independence of mind means that individual exercises objectivity and professional scepticism.

Explanation of the correct answer:

S290.3 expressly states that independence is in the public interest, and s290.5 states that professional scepticism and objectivity must be both present and apparent if the member is to be said to be independent.

Here are your answers (those marked in red and a cross are incorrect):

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Question 5

Select all that are correct.
 

In relation to independence in a review and assurance engagement what must a firm/member ensure?

	An AAT Licensed Accountant or AAT Licensed Bookkeeper being independent of the client in the public interest.
	Independence of mind means that individual exercises objectivity and professional scepticism.

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