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1.Independence is: a. Independence in fact and appearance b. independence in mind and integrity c. independence in objectivity and integrity d. Independence in fact and in mind 2.Entities who have independence rules are all except: a. DOL b. GAAP c. PCAOB d. GAO 3. Which of the following is a permitted loan to a CPA from an audit client financial instituti a. Credit cards with a limit greater than $25,000 b. Car loan collateralized by the car c. Home mortgage d. Personal loan of less than $5,000 4.If you are a "covered member" or a "covered person" a. you are subject to GAAP b. You must show due care c. you are subject to the independence rules d. You must be objective and show integrity