Auditing and Assurance Services (16th Edition)
16th Edition
ISBN: 9780134065823
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
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Question
Chapter 4, Problem 28C
To determine
State if each of the situations violates “AICPA’s code of professional conduct”.
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Who among the following is not a "covered member" for purposes of the Sarbanes CPA firm's audit of Oxley Corporation?
Nancy, who is on the attest engagement team.
O Nin, who is a tax manager in the firm's office that houses the audit team for the Oxley Corporation engagement.
O Sarbanes CPA firm itself.
O Juan, who is Nancy's direct supervisor.
Kar, CPA, is a staff auditor participating in the audit engagement of Fort, Inc. Which of the following circumstances impairs Kar's independence?
A. During the period of the professional egagement, Fort gives Kar tickets to a football game worth $75.
B. Kar owns stock in a corporation that Fort's 401(K) plan also invest in.
C. Kar's friend, an employee of another local accounting firm, prepares Fort's tax returns.
D. Kar's sibling is an internal aditor employed part-time by Fort.
John works as a manager in the Aster office of an international public accounting firm. His father has just taken a position as a purchasing agent for one of the public accounting firm’s Aster clients. Has Mr. John’s independence been impaired with respect to this audit client? Has the public accounting firm’s independence been impaired if John does not work on the audit?
Chapter 4 Solutions
Auditing and Assurance Services (16th Edition)
Ch. 4 - Prob. 1RQCh. 4 - Describe an ethical dilemma. How does a person...Ch. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Prob. 10RQ
Ch. 4 - Assume that an auditor makes an agreement with a...Ch. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - Prob. 17.1MCQCh. 4 - Prob. 17.2MCQCh. 4 - Prob. 17.3MCQCh. 4 - Prob. 18.1MCQCh. 4 - Prob. 18.2MCQCh. 4 - Prob. 18.3MCQCh. 4 - Prob. 19.1MCQCh. 4 - Prob. 19.2MCQCh. 4 - Prob. 19.3MCQCh. 4 - Prob. 20DQPCh. 4 - Prob. 21DQPCh. 4 - Prob. 22DQPCh. 4 - Prob. 23DQPCh. 4 - Prob. 24DQPCh. 4 - Prob. 25DQPCh. 4 - Prob. 26DQPCh. 4 - Prob. 27DQPCh. 4 - Prob. 28CCh. 4 - Prob. 29CCh. 4 - Prob. 30C
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