A Direct Financial Interest Violates Independence in Which of the Following

question 84

Multiple Choice

A direct financial interest violates independence in which of the following circumstances?

• A) when close relatives such as nondependent children, brothers, and sisters have a significant financial interest in the client
• B) when close relatives such as nondependent children, brothers, and sisters have any financial interest in the client
• C) when the CPA owns shares in a mutual fund that has an ownership interest in the client
• D) when close relatives such as a brother, sister, or in-laws are employed by the client in their engineering department