Multiple Choice
Under which of the following circumstances would the independence of a CPA be considered impaired if the CPA,who also is an attorney,serves as auditor and provides legal services to the same client?
A) When the CPA, as legal agent, consummates a business acquisition for the client.
B) When the CPA's audit fees and legal fees are not billed separately.
C) When the CPA uses legal expertise to research a question of income tax law.
D) When the legal services consist of an analysis of the terms of an existing lease agreement.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: If an auditor is not independent of
Q6: What is the primary purpose of the
Q7: A CPA,while performing an audit,strives to achieve
Q8: A CPA firm's personnel partner periodically studies
Q10: What is meant by the Code of
Q22: A violation of the profession's ethical standards
Q41: Which of the following is not an
Q49: If a CPA owns an insurance policy
Q51: The rules contained in Section 1.100 cover
Q59: In order to achieve effective quality control,