is based entirely on perceptions. Consider the case of a partner who is not involved in an audit but whose child is given a share of stock in one of the firm’s audit clients—a client served by a firm office located halfway across the country. It is unlikely that anyone would view this indirect ownership interest—a child’s single share of stock—as impairing the firm’s objectivity and integrity. The question is, though, at what point could the public perceive this as problematic?