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| In which of the following situations would a CPA firm be independent with respect to an audit client? A. A partner in the office but not assigned to the engagement owns 10% of the outstanding stock of the client. B. A manager that provides twenty hours of nonattest services to the client has a material indirect interest in the client. C. A professional employee assigned to the engagement has a spouse that is employed as a salesperson by the client. D. The partner that manages the firm’s audit practice owns 100 shares of the client’s stock. |