[shawn in VA]

Hi everyone,

my exam for AUD is in a couple days, and had a question regarding independence

1. can a CPA perform non-attest services for an Attest client? For example can a CPA do an audit, review, or compilation (attest services) and then do the tax return and some bookkeeping services (non attest) ? what are the rules/criteria if this is allowed ?

2) are the rules different for PCAOB (issuer) in reference to the above question? My question above pertains to non-issuer (AICPA)

Thanks

[Anonymous]

The PCAOB expressly forbids entities that performs SEC audits of issuers from doing

Bookkeeping
Financial systems design and implementation
Appraisal and valuation
Legal Services
Outsourced internal auditing
HR
Investment Banking
Actuarial services
There is one more. I forgot

[Anonymous]

Actually your best answer is to look at the Independence Interpretations from the AICPA

[HelpHelpHelp :)]

Pretty sure most tax services are ok, though. Good luck!!

The happiest people don't have the best of everything, they just MAKE the best of everything!

We can do it!! 🙂

[sulaiman]

Doing attest services and tax returns are okay but not when it's aggressive (ex Tax shelter)

[Author]

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