[NoMoreStudying]

Hi! I’m taking Audit on 11/13 (Yay, Friday the 13th… :/ ). I’m currently reviewing and I’ve found what looks to be contradicting material in the CPA Excel program.

In the MIPP’s Nonindependence Rules lesson “Conflicts of Interest, Directorships, and Gifts” it says that both gifts and entertainment should be reasonable under the circumstances.

In the lesson titled “Other Associations and Relationships” it says that entertainment should be reasonable under the circumstances but that gifts should be “clearly insignificant.”

I’m a little confused when to follow which rule. Is there some little difference in who these apply to that I’m not seeing? Thanks!