In which of the following instances would the independence of the auditor most likely not be considered to be impaired?
A) He or she has been retained as the auditor of a charitable entity in which the spouse of the auditor serves as treasurer.
B) He or she has been retained as the auditor of a company in which the auditor's investment club owns a 10 per cent interest.
C) He or she has been retained as the auditor of a large manufacturing company that has loaned the auditor $6 000.
D) He or she has been retained as the auditor of a company from which the auditor purchased his or her latest motor vehicle at normal list price.
Correct Answer:
Verified
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