Question
Can a CPA invest in an index fund that tracks the S&P 500 if the fund contains the stock of one of the CPAs audit
Can a CPA invest in an index fund that tracks the S&P 500 if the fund contains the stock of one of the CPAs audit clients?
Group of answer choices:
a. No, because that would constitute a conflict of interest.
b. No, because he is a covered member with respect to that client.
c. Yes, because its well diversified.
d. Yes, because mutual funds are always okay for auditors to invest in.
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Auditing And Assurance Theory And Practice
Authors: Clifford Gomez
1st Edition
8120345665, 978-8120345669
