Kar, CPA, is a staff auditor participating in the audit engagement of Fort, Inc. Which of the following circumstances impairs Kar's independence? A. During the period of the professional egagement, Fort gives Kar tickets to a football game worth $75. B. Kar owns stock in a corporation that Fort's 401(K) plan also invest in. C. Kar's friend, an employee of another local accounting firm, prepares Fort's tax returns. D. Kar's sibling is an internal aditor employed part-time by Fort
Kar, CPA, is a staff auditor participating in the audit engagement of Fort, Inc. Which of the following circumstances impairs Kar's independence? A. During the period of the professional egagement, Fort gives Kar tickets to a football game worth $75. B. Kar owns stock in a corporation that Fort's 401(K) plan also invest in. C. Kar's friend, an employee of another local accounting firm, prepares Fort's tax returns. D. Kar's sibling is an internal aditor employed part-time by Fort
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kar, CPA, is a staff auditor participating in the audit engagement of Fort, Inc. Which of the following circumstances impairs Kar's independence?
A. During the period of the professional egagement, Fort gives Kar tickets to a football game worth $75.
B. Kar owns stock in a corporation that Fort's 401(K) plan also invest in.
C. Kar's friend, an employee of another local accounting firm, prepares Fort's tax returns.
D. Kar's sibling is an internal aditor employed part-time by Fort.
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