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A Direct or Material Indirect Financial Interest in the Client

Question 53

Multiple Choice

A direct or material indirect financial interest in the client would impair independence if the interest were held during which of the following time periods?


A) at the time of issuing the opinion
B) from the statement date to the time of issuing the opinion
C) from the beginning of the period covered by the statements to the time of issuing the opinion
D) during the engagement up to the date that auditing field work is completed
E) during the engagement or at the time of issuing the opinion

Correct Answer:

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