Which of the following situations would not need to be chang

Which of the following situations would not need to be changed before an audit firm would be viewed as being independent? An audit maanager has an automobile loan from a client which is a bank The client\'s chief financial officer was the audit partner in charge of last year\'s audit of that client The audit partner in charge of the audit has an investment in a client with a fair value of $100 The audit firm jointly owns a real estate investment with a client

Solution

It is option D . since the investment having together will show adverse results for the audit firm . The other options is small things and those will not be having any issues

Which of the following situations would not need to be changed before an audit firm would be viewed as being independent? An audit maanager has an automobile lo

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