Question

Which statement most accurately describes the FDIC's auditor independence requirements? a.FDIC independence requirements incorporate requirements for attorneys and actuaries.b.FDIC independence requirements mirror the AICPA and DOL independence rules.c. Certain FDIC policy statements address auditor independence.d.The FDIC has not adopted regulations that incorporate SEC independence rules.

Answer 1

Answer:

c. Certain FDIC policy statements address auditor independence.

Explanation:

Options A and B are wrong because option A suggests that the requirements are for attorneys and actuaries, while option B tells the FDIC rules are copying from AICPA and DOL independence rules. In both cases, it contradicts from FDIC's auditor independence. Option "D" is wrong because FDIC has originally adopted regulations that incorporate SEC rules.

Since all the options are wrong, the option "C" is correct because some of the FDIC policies are addressing the auditors' independence.