A CPA audits Waltonvillemart,Inc.This CPA also serves as the trustee of a trust for the CEO of Waltonvillemart,Inc.The sole asset of this trust is a $1 million life insurance policy that is payable upon the CEO's death to his seven grandchildren.In equal amounts.This CPA:
A) Is not independent to continue to audit Waltonvillemart, Inc. because of the material amounts involved
B) Is not independent to continue to audit Waltonvillemart, Inc. because of the appearance, if not actuality, of a dual-client conflict of interest
C) Definitely is independent to continue to audit Waltonvillemart, Inc. because there are no material threats to independence
D) Is independent to continue to audit Waltonvillemart, Inc., as long as the company and the CEO both waive their right to object to this trustee service

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The Answer of A CPA audits Waltonvillemart,Inc.This CPA also serves as the trustee of a trust for the CEO of Waltonvillemart,Inc.The sole asset of this trust is a $1 million life insurance policy that is payable upon the CEO's death to his seven grandchildren.In equal amounts.This CPA:
A) Is not independent to continue to audit Waltonvillemart, Inc. because of the material amounts involved
B) Is not independent to continue to audit Waltonvillemart, Inc. because of the appearance, if not actuality, of a dual-client conflict of interest
C) Definitely is independent to continue to audit Waltonvillemart, Inc. because there are no material threats to independence
D) Is independent to continue to audit Waltonvillemart, Inc., as long as the company and the CEO both waive their right to object to this trustee service

A CPA Audits Waltonvillemart,Inc