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My AUD study cards > Laons, leases and business relationships > Flashcards

Laons, leases and business relationships Flashcards

1
Q

What is a lease that impairs independence?

A

A capital lease (lease to own)

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2
Q

Joint financial investments are permitted when…

A

The firm and attest client both own stock in a widely traded company such as Microsoft, Nike

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3
Q

Joint financial investments are NOT permitted when…

A

1 Firm and client both own material stakes in a small company
2 Covered member and officer of client jointly buy a boat

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My AUD study cards (58 decks)

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