CPA Kara Rambo is the auditor of Ajax Corporation. Her audit independence will not be considered impaired
Question:
a. Owns $ 1,000 worth of Ajax stock.
b. Has a husband who owns $ 1,000 worth of Ajax stock.
c. Has a sister who is the financial vice president of Ajax.
d. Owns $ 1,000 worth of the stock of Pericles Corporation, which is controlled by Ajax as a result of Ajax’s ownership of 40 percent of Pericles’ stock, and Pericles contributes 3 percent of its total assets and income in Ajax’s financial statements.
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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