Which of the Following Statements Is True? the CPA Firm

Multiple Choice

Which of the following statements is true? The CPA firm will lose its independence if:

A) a staff auditor providing audit services to the client acquires stock in that client.
B) a staff tax preparer who provides 15 hours of non-audit services to the client acquires stock in that client.
C) an audit manager in an office different than the office providing audit services has a direct, immaterial financial interest in the audit client.
D) a covered member has an indirect, immaterial financial interest in an audit client.