In which of the following instances would the independence of the CPA not be considered to be impaired? The CPA has been retained as the auditor of a:
A)charitable organization in which an employee of the CPA serves as treasurer.
B)municipality in which the CPA owns $25,000 of the $2,500,000 indebtedness of the municipality.
C)restaurant where the CPA dines frequently.
D)company in which the CPA's private investment club owns a one-tenth interest.

Question

Quizplus · Accepted Answer

Dining frequently at a restaurant does not create a financial or managerial relationship that would impair the CPA's independence.

In Which of the Following Instances Would the Independence of the CPA