An Example of an "Indirect Financial Interest in a Client

question 81

Multiple Choice

An example of an "indirect financial interest in a client" would be

• A) ownership of less than 10% of the client's stock by the covered members spouse.
• B) an ownership of less than 10% of the client's stock by a staff member who is not involved in the audit.
• C) the covered member's ownership of a mutual fund that has an investment in the client.
• D) All of the above are examples of an indirect financial interest in a client.

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Definitions:

Learned Rules

Guiding principles acquired through experience or instruction that influence behavior and decision-making.

Sleeper Effect

A phenomenon where a message that was initially discounted and deemed unconvincing becomes more persuasive over time.

Persuasion

The action or process of convincing someone to believe or do something through reasoning or argument.

Subconsciously

Relating to the part of the mind that is not fully aware but influences actions and feelings.