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Violet,CPA,audits Big Bank,a Local Financial Institution

Question 2

Multiple Choice

Violet,CPA,audits Big Bank,a local financial institution.Which of the following would most likely impair Violet's independence with regard to Big Bank?


A) A home loan with the value of the house exceeding the mortgage balance.
B) A car loan collateralized by the car.
C) A personal loan collateralized by cash deposits at Big Bank.
D) A Visa credit card issued by Big Bank with a balance of $2,500.

Correct Answer:

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