Some Independence Rules Apply to All Assurance Engagements, While Others

Multiple Choice

Some independence rules apply to all assurance engagements, while others apply only to a listed entity. For the purposes of assessing the independence rules, a listed entity is defined as

A) an organization with share capital exceeding $10 million that has public accountability.
B) an entity whose debt or shares is listed on a stock exchange, with market capitalization and total assets greater than $10 million.
C) any organization that has shares or debt listed on a stock exchange.
D) an organization that has shares or debt listed on a stock exchange, and that has redeemed shares.