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:

Political Opportunities

Circumstances or situations that facilitate the ability of social movements or actors to exert influence on political systems.

Social Control

Mechanisms, strategies, and institutions used by societies to regulate individual behavior and maintain social order and conformity.

Collective Violence

Violence committed by groups of individuals or states, including acts of war, genocide, and riots, often motivated by social, political, or economic objectives.

Political Parties

Are organizations that compete for control of government in regular elections. In the process, they give voice to policy alternatives and rally adult citizens to vote.