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.

  • CreatedOctober 27, 2014
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