According to the Public Company Accounting Oversight Board, personal or family ownership in excess of ﬁve percent of a client's business may compromise an accountant's
A) Objectivity and Independence.
B) Professional Competence and Due Care.
C) Professionalism.
D) Integrity.

Question

Quizplus · Accepted Answer

The Personal or family ownership in excess of five percent of a client's business may compromise an accountant's objectivity and independence as it creates a conflict of interest between the accountant's own financial interest and their obligation to provide unbiased and independent auditing services.

According to the Public Company Accounting Oversight Board, Personal or Family