In which of the following is a CPA independent in fact and appearance?
A) The CPA's brother is the controller of the company being audited.
B) The CPA serves on the board of a non-profit with the CFO of the company being audited.
C) The CPA borrowed money for a new car from the CEO of the company being audited.
D) The CPA owes an office building that he leases to the client.

Question

Quizplus · Accepted Answer

Serving on the board of a non-profit with the CFO does not impair independence as long as there is no direct financial interest or significant influence over the client.

In Which of the Following Is a CPA Independent in Fact