An active and independent board of directors may influence the philosophy and operating style of audit engagement teams.Select one:TrueFalse

The statement is True.

Explanation:

An active and independent board of directors plays a crucial role in shaping the overall governance and operational philosophy of an organization. Their involvement can significantly influence the audit engagement teams in several ways. First, the board establishes the expectations for the audit process, including the scope, objectives, and risk assessment practices.

Second, when the board is independent, it promotes a culture of transparency and accountability, encouraging audit teams to adhere to high standards of integrity and professionalism.

An engaged board may also challenge the audit teams, ensuring that all relevant issues are thoroughly examined and that the audit process is robust. This independent oversight can lead to a more effective and ethical practice, ultimately contributing to improved financial reporting and organizational health.

In conclusion, the board's influence on audit engagement teams is pivotal in maintaining the integrity of the audit process and the broader governance of the organization.