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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.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M942690

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