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 dependent roommate 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

A CPA's independence is not impaired by a nephew's employment as a salesperson, as nephews are not considered close relatives under independence rules.

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