Which of the following statements is
incorrect?
a. CPAs lose their independence if they
acquire any direct financial interest in a
client.
b. CPAs lose their independence if they
acquire any indirect financial
interest in a client.
c. CPAs lose their independence if they
acquire a material indirect financial
interest in a client.
d. CPAs lose their independence if they
have a material direct financial interest in
a client
incorrect?
a. CPAs lose their independence if they
acquire any direct financial interest in a
client.
b. CPAs lose their independence if they
acquire any indirect financial
interest in a client.
c. CPAs lose their independence if they
acquire a material indirect financial
interest in a client.
d. CPAs lose their independence if they
have a material direct financial interest in
a client