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5) Which of the following creates an independence problem? I. Sally participates in her firm's retirement plan, which allows her to select which companies' stocks
5) Which of the following creates an independence problem? I. Sally participates in her firm's retirement plan, which allows her to select which companies' stocks go into her portfolio. Sally selects a small amount of ABC Co. stock, even though she is on her firm's audit team for ABC. II. Although Sally has not selected ABC Co. stock for her retirement plan's portfolio, her spouse, Joe, has done so. A. I only. B. II only. C. Both I and II. D. Neither I nor II. 
5) Which of the following creates an independence problem? I. Sally participates in her firm's retirement plan, which allows her to select which companies' stocks go into her portfolio. Sally selects a small amount of ABC Co. stock, even though she is on her firm's audit team for ABC. II. Although Sally has not selected ABC Co. stock for her retirement plan's portfolio, her spouse, Joe, has done so. A. I only. B. II only. C. Both I and II. D. Neither I nor
5) Which of the following creates an independence problem? I. Sally participates in her firm's retirement plan, which allows her to select which companies' stocks go into her portfolio. Sally selects a small amount of ABC Co. stock, even though she is on her firm's audit team for ABC. II. Although Sally has not selected ABC Co. stock for her retirement plan's portfolio, her spouse, Joe, has done so. A. I only. B. II only. C. Both I and II. D. Neither I nor II.
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