Independence, in the CPA Ontario Code, is:

Answer

A rule (204) for assurance engagements, beyond the objectivity every member owes

Options - A. The same thing as objectivity, under another name - B. One of the five fundamental principles of the Code - C. A rule (204) for assurance engagements, beyond the objectivity every member owes - D. A rule that applies to tax engagements only Why - A. Objectivity is a principle every member owes on every job; independence adds a further, engagement-specific standard. - B. The five principles are professional behaviour; integrity and due care; objectivity; professional competence; confidentiality. Independence is a rule, not one of them. - C. Correct — Rule 204 binds members on assurance engagements, because outsiders rely on the opinion; it forbids financial interests, ties and self-review, in fact and in appearance. - D. Tax work is where objectivity applies; independence is the assurance rule.

CPA Ontario Code rule 204 (V, F2.3-e); CPAB, CSA (V, F2.3-h, 2026-09-17); OpenStax Bus 14.2 post-Enron (A); Business Ethics ch 56 (A); concept map M10, M11, M15