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.
Correct Answer:
Verified
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