It has been known that some FDIC policy statements often answer to the freedom of auditor. The correct statement is that the FDIC has issued policy statements that address auditor independence in various contexts.
Auditor independence is simply known as the freedom of the internal auditor or of the external auditor from parties that do have a financial interest in the business that is been audited.
The Independence or freedom often needs integrity and an objective means to the audit process.
The SEC do have some rules that addresses the audit independence. They are classified into:
The full question is below
Which statement best describes an element of the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence?
o FDIC independence requirements incorporate requirements for attorneys and actuaries.
o FDIC independence requirements mirror the AICPA and DOL independence rules.
The FDIC has issued policy statements that address auditor independence in various contexts.
O The FDIC has adopted regulations that incorporate IESBA independence rules.
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