Rollins, a member, is a partner in the firm Lee & Hamels, CPAs. For many...

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Accounting

Rollins, a member, is a partner in the firm Lee & Hamels, CPAs. For many years, the firm has specialized in providing attest services to local municipalities and candidate campaign organizations. Rollins is considered by many an expert in this specialization. Utley, a member of the Citizen Party, is a client of the firm and wants to run for mayor of Philly City. Utley has asked Rollins to serve as treasurer of his campaign organization. Lee & Hamels also provides attest services to Philly City and the Citizen Party.

Which of the following would possibly or definitely impair the firms independence?

  1. Utley running for mayor of Philly City
  2. Rollins serving as treasurer of Utleys campaign organization
  3. Lee & Hamels providing attest services to The Citizen Party

1 only

1 and 2

2 and 3

1, 2, and 3

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