[CPA CMA]

A member has been asked to co-sign checks with a client employee while the company president is on a short vacation. Which of the following statements about the application of the independence rules to this situation is true?

A. Because member will only be co-sign checks, independence is not threatened

B. Because member is a co-signer for a short time, independence is not threatened

C. Because the member has entered into a joint business venture with the client, independence is impaired

D. Because check-signing is a management function, independence is impaired

What is the correct answer?

Master of Professional Accountancy (MPA) 12/17/2014

BEC 76 (10/3/14)
FAR 75 (10/24/14)
REG 83 (4/6/15)
AUD 75 (4/20/15)
Anticipated Licensure: August 2016

CMA part 1 passed (6/15/15)
CMA part 2 Passed (9/4/15)
Anticipated Licensure: August 2017

[golfball7773]

I have no idea…. I can't even guess

On second thought, you have passed all your exams……I hope you are posting for a friend and not doing MCQ's for fun 🙂

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[golfball7773]

I have no idea…. I can't even guess

On second thought, you have passed all your exams……I hope you are posting for a friend and not doing MCQ's for fun 🙂

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[CPA CMA]

Yes I passed all sections but I still got Ethics exam as well as my CMA exam, which I am not doing MC for fun.

Master of Professional Accountancy (MPA) 12/17/2014

BEC 76 (10/3/14)
FAR 75 (10/24/14)
REG 83 (4/6/15)
AUD 75 (4/20/15)
Anticipated Licensure: August 2016

CMA part 1 passed (6/15/15)
CMA part 2 Passed (9/4/15)
Anticipated Licensure: August 2017

[law0915]

EDIT: this is an AICPA ethics exam question…I don't think we are allowed to help and it is supposed to be an individual effort….

REG 77 Feb14
BEC 13*, 79 Aug14
FAR 64**, 76 Nov14
AUD 89 Feb15

*Exited exam after first testlet
**Only studied F1-F6 out of 10 Becker chapters

Licensed Arizona CPA

[Author]

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