a California CPA, is considering the continuing professional education requirements f enewal. Her practice consists of tax preparation, bookkeeping, and some compiled fin nts. She does not perform audits of financial statements. Because approximately two oss revenue is generated from the preparation of tax returns, she would like to take meet her CPE requirement for license renewal. the following is CORRECT? may use all of her CPE hours on tax courses, so long as she meets the required 80 hours. may use all of her 80 hours of CPE on qualified tax update courses if she is not required to take a Ca Review course this renewal period. y takes only 80 hours of CPE, some of those hours must include topics other than tax. the above Which of the following responses from Joe Harkin would be appropriate? Moss is correct that if the Scottsdale office handles the audit, and if Moss does not participate in any way on the audit team or provide any services to Marsden Corporation, the firm's independence is not impaired. It is ok for the Phoenix office to handle the audit as long as Moss does not participate in any way with the audit team or provide any services to Marsden Corporation. The firm's independence would not be impaired. While Moss is not a covered member if he does not work in the office handling the audit and if he performs no ser- vices for Marsden Corporation, the firm's independence is impaired because he serves in a capacity equivalent to a member of management. None of the above. Question 26 Quincy, a California CPA, is considering the continuing professional education requirements for her license renewal. Her practice consists of tax preparation, bookkeeping, and some compiled financial statements. She does not perform audits of financial statements. Because approximately two-thirds of her gross revenue is generated from the preparation of tax returns, she would like to take only tax classes to meet her CPE requirement for license renewal. Which of the following is CORRECT? Quincy may use all of her CPE hours on tax courses, so long as she meets the required 80 hours. Quincy may use all of her 80 hours of CPE on qualified tax update courses if she is not required to take a California Regulatory Review course this renewal period. If Quincy takes only 80 hours of CPE, some of those hours must include topics other than tax. None of the above Question 27 Gracy, a member, is an audit manager with the firm of Gracy \& Sogard, CPAs. The firm is engaged to orepare audited financial statements for Haber Machines for the year ended December 31, 204. iracy's spouse Sandra works as the executive assistant to the CEO of Haber Machines. Sandra articipates in Haber's defined contribution pension plan and has a direct financial interest in the mpany. ich of the following is TRUE about Gracy \& Sogard's independence on the Haber Machines audit agement? dependence is impaired in all cases. Gracy does not participate in the attest engagement and is not in a position to influence the est engagement, independence is not impaired. andra's investment is an unavoidable consequence of her participation in the plan, pendence is not impaired