Solved

A CPA's Mother-In-Law Owns Stock in One of the CPA's

Question 14

Multiple Choice

A CPA's mother-in-law owns stock in one of the CPA's audit clients.The CPA just learned this fact.In all likelihood,the CPA's independence is:


A) Not impaired
B) Impaired if the mother-in-law's stock holdings are material to her net worth
C) Impaired if the mother-in-law owns sufficient stock to be able to significantly influence the governance of the audit client
D) Automatically impaired, unless the mother-in-law immediately disposes of her share holdings

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents