Topic： independence

Content：

考关于issuer的貌似少于5题，而且是不用思考题，如几年的doc retention和几年换auditor

Independence 的判定
Independence, 各种细节各种percentage
一个是direct financial interest 和 indirect financial interest
对独立性的影响

考点解析：

Independence impairment:

covered member

immediate family
close relatives

key position

direct and indirect material financial interest

Sample Question

Carr, CPA, is a staff auditor participating in the audit engagement of Fort, Inc. Which of the following circumstances impairs Carr’s independence?

a. During the period of the professional engagement, Fort gives Carr tickets to a football game worth $75.
b. Carr owns stock in a corporation that Fort’s 401(k) plan also invests in.
c. Carr’s friend, an employee of another local accounting firm, prepares Fort’s tax returns.
d. Carr’s sibling is director of internal audit at Fort.