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Author Question: A CPA sole practitioner purchased stock in a client corporation and placed it in a trust as an ... (Read 15 times)

allihubbard

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on: Aug 21, 2022
A CPA sole practitioner purchased stock in a client corporation and placed it in a trust as an educational fund for the CPA's minor child. The trust securities were not material to the CPA but were material to the child's personal net worth. Would the independence of the CPA be considered to be impaired with respect to the client?
◦ Yes, because the stock is a direct financial interest.
◦ Yes, because the stock is an indirect financial interest that is material to the CPA's child.
◦ No, because the CPA does not have a direct financial interest in the client.
◦ No, because the CPA does not have a material indirect financial interest in the client.
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Marked as best answer by allihubbard on Aug 21, 2022

DevinBrifm

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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allihubbard

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Reply 2 on: Aug 21, 2022
Gracias!

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YES! Correct, THANKS for helping me on my review

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