Immaterial financial interests of a CPA's nondependent children impair the CPA's independence.

Name: Immaterial financial interests of a CPA's nondependent children impair the CPA's independence.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Immaterial financial interests of a CPA's nondependent children do not impair the CPA's independence as long as these interests are not material to the CPA's net worth and do not create a self-interest threat that could influence the CPA's professional judgment.

Immaterial Financial Interests of a CPA's Nondependent Children Impair the CPA's