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I am aware that tax preparation for the audit client does not impair an auditor’s independence.
But I am curious to know the reason. It felt like it should impair independence…
Wouldn’t it be self-review threat if the auditor review the tax footnote prepared by his/her own team?
And… for those work in public accounting, is this a common practice for audit firms to provide both audit service and tax service to the same client during the same year?
Thanks!!
REG - 77, 10/18/2014
BEC- 84, 2/26/2015
FAR - 78, 7/16/2015
AUD - 86, 8/27/2015 (Yes!!! I am officially done )
- The topic ‘Auditor's Independence – Tax Services’ is closed to new replies.