Which of the following situations of a CPA's distant relatives does not impair the CPA's independence?
A)CPA's parent holds a key position with an audit client.
B)CPA's nephew is starting as a salesperson with an audit client.
C)CPA's aunt owns a material interest, and sits on the board, of an audit client.
D)CPA's sister is chief counsel for an audit client.

Question

Quizplus · Accepted Answer

The starting salesperson does not hold a position of influence or decision-making authority within the audit client, and therefore does not impair the CPA's independence. All other options involve close family members holding positions or having financial interests with the audit client, which would create a threat to the CPA's independence.

Which of the Following Situations of a CPA's Distant Relatives