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(TCO A) An auditor's independence is considered impaired if the auditor has: (Points : 5)...

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Accounting

(TCO A) An auditor's independence is considered impaired if the auditor has: (Points : 5) A joint, closely-held business investment with the client that is material to the auditor's net worth. An automobile loan from a client bank, collateralized by the automobile. A mortgage loan, executed with a financial institution client on March 1,1990, that is material to the auditor's net worth. An immaterial, indirect financial interest in a client.

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