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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
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.
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