Biology Forums - Study Force

Which of the following instances would impair a CPA's independence when they have been retained as the auditor?

I.	A charitable organization where the CPA serves as treasurer

II.	A municipality where the CPA owns $250,000 of the $25 million outstanding bonds

 of the municipality

III.	A company that the CPA's investment club owns a 10% investment interest

▸ I and II

▸ I and III

▸ II and III

▸ I, II, and III

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