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Determine cpas independence with bruin company

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Question 1: Howland & Howland. CPAs. a public accounting firm has offices in Las Vegas and Reno. The Las Vegas office acquired a new attest client. Bruin Company. The Las Vegas office using Las Vegas office personnel will do all the work for this client. Bruin Company has 2.500.000 shares of common stock outstanding. Latest market value was 530 a share.Howland & Howland. CPAs personnel report the following stock ownership by them or their kin. Which. if any. of them will impair Howland & Howland. CPAs' independence with Bruin Company?

Point A) A partner in the Reno office owns 100 shares. This 53.000 investment is not material to the

Point B) A Las Vegas staff person's spouse owns 10 shares. The staff person will work about 20 hours on
Partner. the Bruin audit.

Point C) Both of these investments will impair Howland & Howland. CPAs independence with the Bruin

Point D) Neither of these investments will impair Howland & Howland. CPAs' independence with the Bruin Company Company.

Reference no: EM132463141

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