Question: CPA Kara Rambo is the auditor of Ajax Corporation Her

CPA Kara Rambo is the auditor of Ajax Corporation. Her audit independence will not be considered impaired if she
a. Owns $ 1,000 worth of Ajax stock.
b. Has a husband who owns $ 1,000 worth of Ajax stock.
c. Has a sister who is the financial vice president of Ajax.
d. Owns $ 1,000 worth of the stock of Pericles Corporation, which is controlled by Ajax as a result of Ajax’s ownership of 40 percent of Pericles’ stock, and Pericles contributes 3 percent of its total assets and income in Ajax’s financial statements.



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  • CreatedOctober 27, 2014
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