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In Which One of the Following Situations Would Independence Not

Question 52

Multiple Choice

In which one of the following situations would independence not be impaired?


A) direct financial interest in a partnership that invests in a client
B) stock owned in client is put in a trust created as an education fund for the member's minor child
C) attorney/CPA provides legal service as general counsel for an auditing client
D) membership held in a trade association that is a client; member does not serve in a management capacity
E) full participation in the managerial decision-making process of an audit client

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