The IESBA Code of Ethics permits an audit firm to do both bookkeeping and auditing for the same client if three criteria are met. Which of the following is not one of those criteria?
A) The client is required to file an annual report, including audited financial statements.
B) The practitioner must not assume the role of employee or of manager.
C) The client must accept full responsibility for the financial statements.
D) The client is not a public interest entity.
Correct Answer:
Verified
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