Principles of Auditing & Other Assurance Services (Irwin Accounting)
Principles of Auditing & Other Assurance Services (Irwin Accounting)
20th Edition
ISBN: 9780077729141
Author: Ray Whittington, Kurt Pany
Publisher: McGraw-Hill Education
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Chapter 3, Problem 29QRA

a.

To determine

Determine whether each of the given individuals is a covered member.

b.

To determine

Determine whether each of the given individuals is a covered member.

c.

To determine

Determine whether each of the given individuals is a covered member.

d.

To determine

Determine whether each of the given individuals is a covered member.

e.

To determine

Determine whether each of the given individuals is a covered member.

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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.
Which of the following acts by a CPA would be most likely to be a violation of the AICPA Code of Professional Conduct?  Select one:  A “covered member” owns an immaterial amount of stock in an audit client.  Accepting a fee in a tax matter that is contingent upon the result of an administrative proceeding.   Assisting a client in preparing a financial forecast.   Forming a professional corporation to practice as a CPA.
Yolanda is the executive in charge of the Santa Fe office of Best & Co, an international publicaccounting firm. She is responsible for the practice in all areas of audit, tax, and consulting, butshe does not serve as a field audit partner or a reviewer. Javier is the partner in charge of theBesame Inc. audit (an SEC filing). Is Best & Co independent if (a) Yolanda owns common stock ofBesame or (b) her brother owns 10 shares of the common stock of Besame?
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