The financial interests of which of the following parties would not be included as a 'direct financial interest' of the CPA?

Question

Quizplus · Accepted Answer

Direct financial interests typically involve ownership or other financial interests where the individual has a direct stake in the financial performance of the entity being audited. A CPA's spouse and dependent children are considered to have direct financial interests due to their close financial relationship with the CPA. A relative supported by the auditor could also be seen as having a direct financial interest because of their financial dependency on the auditor. However, siblings, unless financially dependent on the CPA, do not automatically have their financial interests considered as direct financial interests of the CPA.

The Financial Interests of Which of the Following Parties Would