A Direct Financial Interest Violates Independence in Which of the Following

question 90

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 brother, sister, or in-laws are employed by the client

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Definitions:

Hand Hygiene

The practice of cleaning hands to remove dirt, germs, and bacteria, reducing the risk of spreading infections, especially important in healthcare settings.

Gastric Decompression

A medical procedure used to relieve pressure and remove gas or fluids from the stomach, often using a tube inserted through the nose or mouth.

Salem Sump

A type of nasogastric tube used for decompression or drainage of the stomach, preventing nausea and vomiting in patients.

Small Bore

Refers to tubes of a smaller diameter, often used in medical contexts for fine, precise procedures or administrations.