Which of the Following Is least Likely to Impair a CPA

question 7

Multiple Choice

Which of the following is least likely to impair a CPA firm's independence with respect to a nonpublic audit client in the Chicago office of a national CPA firm?

• A)A partner in the Chicago office owns an immaterial amount of stock in the client.
• B)A partner in the Milwaukee office owns 8% of the client's stock.
• C)A partner in the Chicago office,who does not work on the audit,previously served as controller for the audit client.
• D)A partner in the Pittsburgh office is also the vice president of finance for the audit client.

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Definitions:

Attention Deficit Hyperactivity Disorder (ADHD)

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are more frequent and severe than typically observed in individuals at a comparable level of development.

Generalized Anxiety Disorder (GAD)

A mental health disorder characterized by chronic and excessive worry about various aspects of life, often to the extent that it interferes with daily activities.

Post-Traumatic Stress Disorder (PTSD)

A mental health condition triggered by experiencing or witnessing a traumatic event, characterized by flashbacks, nightmares, and severe anxiety.

Obsessive Compulsive Disorder (OCD)

A mental health disorder characterized by intrusive thoughts (obsessions) and repetitive behaviors (compulsions).