Which of the following would be deemed acceptable by the accounting profession in evaluating whether a firm
Question:
Which of the following would be deemed acceptable by the accounting profession in evaluating whether a firm was maintaining independence?
(a) Ownership of shares by auditors of a firm in their audit clients.
(b) The son of a partner within the firm having a material beneficial interest in the audit client.
(c) Arecently retired partner of an audit firm taking a position as a non-executive director of one of the firm’s audit clients.
(d) The audit firm having a number of clients within the same industry.
Choose the best answer.
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