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Author Question: A partner of a CPA firm performing the audit of the Red Cross may be an honorary director of the Red ... (Read 30 times)

heyheyhey

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Question 1

Which of the following loans would be prohibited between a CPA firm or its members and an audit client?
◦ automobile loans
◦ loans fully collateralized by cash deposits at the same financial institution
◦ new home mortgage loans
◦ unpaid credit card balances not exceeding $10,000 in total

Question 2

A partner of a CPA firm performing the audit of the Red Cross may be an honorary director of the Red Cross and also vote and participate in management functions at the Red Cross.
◦ true
◦ false


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Marked as best answer by heyheyhey on Aug 21, 2022

tharris7314

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heyheyhey

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Reply 2 on: Aug 21, 2022
Excellent


meow1234

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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