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Pam Is a Licensed CPA; Her Husband, Greg, Is a Major

Question 31

Multiple Choice

Pam is a licensed CPA; her husband, Greg, is a major shareholder in a corporation audited by Pam's firm.If Pam is involved in the audit of that firm:


A) She will likely be in violation of at least one of the "general" GAAS.
B) She will likely be in violation of at least one of the "field work" GAAS.
C) She will likely be in violation of at least one of the "reporting" GAAS.
D) Its stock price will change due to the related party transaction.

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