Question 1
When CPAs are able to maintain their actual independence, it is referred to as independence in
◦ conduct.
◦ appearance.
◦ fact.
◦ total.
Question 2
When determining whether independence is impaired because of an ownership interest in a client company, materiality will affect ownership
◦ in all circumstances.
◦ only for direct ownership.
◦ only for indirect ownership.
◦ under no circumstances.