Which of the following statements is INCORRECT?

Question

Xaibi Aslam · Accepted Answer

An auditor may serve on the board of directors of an audit client.

Xaibi Aslam · Answer

An auditor who is an immediate family member of the director of an audit client must not be assigned to the audit team.

Xaibi Aslam · Answer

Purchasing goods from an audit client on normal commercial terms does not create a threat to the auditor’s independence.

Xaibi Aslam · Answer

An auditor who was recently a director of an audit client must not be assigned to the audit team for that client.

Question #73095