Bill Pan,CPA,has Posted the General Ledger and Has Maintained the Financial

Bill Pan,CPA,has posted the general ledger and has maintained the financial records of Zorko Corporation.As a part of his responsibilities he has recorded journal entries and made closing entries.Which of the following best summarize the AICPA and SEC views as to the following question: Is audit independence impaired?
$$\begin{array} { l c c } \text { Item } & \text { AICPA } & \text { SEC } \\\text { A) } & \text { Yes } & \text { Yes } \\\text { B) } & \text { Yes } & \text { No } \\\text { C) } & \text { No } & \text { Yes } \\\text { D) } & \text { No } & \text { No }\end{array}$$

A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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