Question
Solly is a tax partner for the Duval Accounting Firm. She does not live in a convent. She interacts with the world. Which of the
Solly is a tax partner for the Duval Accounting Firm. She does not live in a convent. She interacts with the world. Which of the following is not true?
Solly may buy a unit in the Last Days Condominium complex, even if Duval audits the condo association for the complex. Independence would not be impaired so long as several safeguards are met, such as Solly's annual assessment is not material to either her or the association, and sale of the association's common assets would not result in a distribution to Solly.
Solly may join the Naval Credit Union in her community, even if the credit union is a Duval audit client. Independence would not be impaired if Solly qualified to join the credit union because her father had a 30year career in the Navy.
Solly may join the Pleasant View Country Club, which is an audit client of Duval. So long as she joins primarily to play golf, independence is not impaired.
Solly may not accept a $100 ceramic frog from the Local Food Pantry, an audit client of Duval. Independence would be impaired by this gift even if Solly was a longtime volunteer at this food kitchen for the homeless that wished to honor Solly for 10 years of volunteering and knew that she collected frogs of various types.
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