Oates, a partner in the one-office firm of Bole & Bole, CPAs, has been asked by Ingrid, a business associate, to be treasurer of her campaign organization. Another person is treasurer of the Independent Political Party. Ingrid is running for mayor of her village, Sutter Home, on the Independent slate. The campaign organization, the Village of Sutter Home, and the political party are all current attest clients of the firm. If Oates accepts this position, which of the following statements is true with respect to the independence of Bole & Bole, CPAs?

A. They are not independent of the campaign organization.

B. They are not independent of the Village of Sutter Home.

C. They are not independent of the political party.

D. Both a. and b. are correct.

E. None of the above answers is correct.

Answer rating: 100% (QA)

Answer is Option D Explanation is as follow In this Case If Oates accepts this posit... View the full answer