Connor & Sullivan CPAs has one office.Which of the following is least likely to impair independence with respect to an audit client?

Question

Quizplus · Accepted Answer

While all of the options listed could potentially impair independence, having an investment in a mutual fund that has a direct interest in the client is the least likely to impair independence. The other options involve a debt owed to the firm, a family relationship, or a direct financial interest in the client, all of which could create a conflict of interest and impair independence to some degree. However, a mutual fund investment is more indirect and less likely to create a direct conflict of interest.

Connor & Sullivan CPAs Has One Office