A CPA Has Multiple Office Locations

question 34

Multiple Choice

A CPA has multiple office locations.In evaluating whether a CPA firm satisfies the independence rules with regard to an audit client,the concept of a "covered member" includes:

• A) An administrative assistant who assists the principal partner in charge of the audit
• B) A second audit partner who provides a concurring opinion on an audit and is located in a different office from the partner in charge of the audit
• C) An audit partner who works in a different office from the partner in charge of the audit and does not influence a particular audit
• D) An information systems partner who spent four hours on a consulting project for an audit client

---

Definitions:

Utility Function

A mathematical representation of how consumers rank different bundles of goods based on the level of satisfaction or utility those goods provide.

Indifference Curve

A graphical representation showing combinations of goods or services among which a consumer is indifferent, depicting preferences for consumption bundles.

Apples

Edible fruits produced by an apple tree, known scientifically as Malus domestica, and popular worldwide for their sweet taste and nutritional benefits.

Bananas

A popular fruit that is long and curved with a soft flesh covered by a yellow peel when ripe.