Section 324CH Lists 19 Relationships That Establish a Conflict of Interest

Multiple Choice

Section 324CH lists 19 relationships that establish a conflict of interest. Which relationship that the auditor may have with the client is NOT included?

A) Owes an amount of more than $5000 to the audited body
B) Has an asset that is an immaterial investment in an entity that has a controlling interest in the audited body
C) Has an asset that is a material investment in an entity that has a controlling interest in the audited body
D) Has an asset that is an investment in the audited body