The Code of professional Conduct, independence rule, does not consider which of the followingcircumstances to be a lack of independence? 1. The CPA firm's sole audit managerserved as a controller of the audit client from January Year 1 through to May Year 6 when the manager began working with the CPA firm. The current audit period for this client is from April 1, Year 6 through to March 31, Year 7. 2. The auditor's brother-in-law's father is the controller of the client being audited. 3. The auditor provides valuationand appraisal services to a client, the results of which are material to the client's financial statements. 4. A financial institution client loans the auditor money to buy a car but does notcollateralize the loan.
The Code of professional Conduct, independence rule, does not consider which of the followingcircumstances to be a lack of independence?
1. The CPA firm's sole audit managerserved as a controller of the audit client from January Year 1 through to May Year 6 when the manager began working with the CPA firm. The current audit period for this client is from April 1, Year 6 through to March 31, Year 7.
2. The auditor's brother-in-law's father is the controller of the client being audited.
3. The auditor provides valuationand appraisal services to a client, the results of which are material to the client's financial statements.
4. A financial institution client loans the auditor money to buy a car but does notcollateralize the loan.
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