Is it clearly insignificant to str


Question: Boady was an audit team member for her firm's audit of STR Corporation. Two weeks after her birthday, STR's CFO gave Boady a present, telling her it was a "late birthday present." What question should Boady ask regarding whether this present creates an independence problem? Is it reasonable under the circumstances? Is it clearly insignificant to Boady? Is it clearly insignificant to STR? Is it legal under the law of the state in which STR is incorporated?

 

 

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