Sonny Rice is the partner in charge of the Houston office of the audit firm. He is
Question:
Sonny Rice is the partner in charge of the Houston office of the audit firm. He is responsible for the practice in all areas of audit, tax, and consulting, but he does not serve as a field audit partner or a reviewer. Dave McDaniel is the partner in charge of the Oilers, Inc. audit (an SEC filing). The audit firm's independence is impaired if: Rice owns Oiler common stock. Rice's sister owns 10 shares of Oiler common stock. McDaniel's brother-in-law is a sales representative with a territory in California. McDaniel's fellow partner Bill Curry in the Houston office has a wife who owns Oiler stock through a mutual fund held in her own employer's employee benefit plan.
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws