[lucky8218]

I have a question about Audit independence impair.

Question 1 If the partner of CPA firm has some investment in one partnership and this partnership use the proceeds to invest in the client, is this impair the CPA’s independence?

I’m thinking in the Becker CPA book, only when the member is a general partner in the partnership then it impairs the independence. So I’m confused about the situation above.

Question 2 If the CPA firm partner’s spouse has 7% of a limited partnership, is this impair the independence? why?

I’m thinking is the word “limited“ has some difference？