Section 324CH Lists 19 Relationships That Establish a Conflict of Interest.Which

question 44

Multiple Choice

Section 324CH lists 19 relationships that establish a conflict of interest.Which relationship that the auditor may have with the client is NOT included?

• A) has an asset that is an investment in the audited body
• B) has an asset that is an immaterial investment in an entity that has a controlling interest in the audited body
• C) owes an amount of more than $5 000 to the audited body
• D) has an asset that is a material investment in an entity that has a controlling interest in the audited body

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Definitions:

Relationship Strategy

A planned approach to building, maintaining, or improving relationships through specific actions and behaviors.

Listening Actively

Engaging with the speaker through attentiveness, feedback, and reflection to fully comprehend and internalize the message being communicated.

Eliminate Distractions

The process of removing or reducing disturbances or interruptions that hinder focus or productivity.

Relationship Maintenance Strategy

Actions or behaviors used in a relationship to ensure its continuity, satisfaction, and health over time.