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In regard to immediate family interests which of the following is false? MULTIPLE CHOICE a. ) If a covered member's immediate family member owns one

In regard to immediate family interests which of the following is false?

MULTIPLE CHOICE

a. )

If a covered member's immediate family member owns one share of stock in a company that the covered member is auditing, the covered member's independence is impaired.

b.) An immediate family member may be employed by an audit client of the covered member if the family member is not in a position to influence the financial statements.

c.)

Immediate family are considered the covered member's spouse, spousal equivalent, parents, siblings and dependent/non dependant children.

d.) If an immediate family member has a financial interest in an audit client, a public accounting firm may retain its independence by making sure that the CPA involved is not a covered member for that particular client.

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