A Direct Financial Interest Violates Independence in Which of the Following

Multiple Choice

A direct financial interest violates independence in which of the following circumstances?

A) when close relatives such as nondependent children, brothers, and sisters have a significant financial interest in the client
B) when close relatives such as nondependent children, brothers, and sisters have any financial interest in the client
C) when the CPA owns shares in a mutual fund that has an ownership interest in the client
D) when close relatives such as a brother, sister, or in-laws are employed by the client in their engineering department