In accordance with the AICPA Code of Professional Conduct, which of the following would NOT impair a member's independence?

a.

A member's close relative holds a key position with a client.

b.

A member's close relative has a material financial interest in the client.

c.

A member's close relative is in a position to exercise significant influence over the client.

d.

A member's close relative holds a non-key position with a client and participates in a retirement plan.

According to the PCAOB's Rule 3520, the auditor and its firm must be independent during which of the following?

a.

Professional engagement period and cool off period.

b.

Audit period and non-attest services period.

c.

Professional engagement period and audit period.

d.

Professional engagement period and subsequent events period.

Under the AICPA Code of Professional Conduct, independence would be impaired in which of the following situations?

a.

A covered member has a direct financial interest in the client.

b.

A covered member has an immaterial indirect financial interest in the client.

c.

A covered member has no commitments to acquire a financial interest in a client.

d.

A covered member is the executor of an estate containing securities of the client but has no authority to make investment decisions for the estate.

According to the AICPA Code of Professional Conduct, which of the following financial interests in a client (during the period of engagement) impairs a CPA's independence?

a.

All direct and indirect financial interests.

b.

Only direct financial interests.

c.

Only direct and material indirect financial interests.

d.

Only material financial interests.