An Auditor Is Allowed to Have

question 13

Multiple Choice

An auditor is allowed to have:

• A) An indirect financial interest in a client as long as the interest constitutes an immaterial stake in the client
• B) An indirect financial interest in a client as long as the interest is immaterial to the auditor's net worth
• C) Any financial stake in a client as long as the interest is immaterial
• D) A direct interest in a client as long as safeguards on independence are satisfactory to the client

---

Definitions:

Fasting Glucose

Fasting glucose is a measure of the blood sugar level after abstaining from food or drink (except water) for at least 8 hours, used to test for diabetes.

Liver Disease

A broad category of diseases and conditions that affect the liver's function and health.

Barrett's Esophagus

A condition where the tissue lining the esophagus changes due to repeated exposure to stomach acid, increasing the risk of developing esophageal adenocarcinoma.

Low-grade Dysplasia

A term that refers to the presence of abnormal cells that have a low potential to transform into cancer.