Question about AUD and independence

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    Topic
  • #175584
    Jsmi77y
    Member

    I continue to get wrong questions relating to tax prep of an audit client. I’m aware that tax prep of an audit client doesn’t impair independence, but what about tax prep of officers of the corp you’re auditing? To what extent is tax prep ok?

    REG - 68 | 71 | 88 | 86
    FAR - 72 | 74 | 79
    AUD - 66 | 70 | 77
    BEC - 62 | 74 | 80

    Guess that means I'm a soon-to-be CPA!

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  • #392011
    Jennifer241
    Member

    Under PCAOB rules, the following types of services are also subject to significant restrictions if the auditor provides them to an Issuer during the audit and professional engagement period:

    • Aggressive or confidential tax transactions

    • Personal tax services provided to persons in financial reporting oversight roles (i.e. CFO)

    AUD - Jan 9,13 Pass
    REG - Aug 30,13 Pass
    BEC - Oct 26,13 Pass
    FAR - Dec 4,13 Pass

    Licensed CPA in the state of Oregon

    #392012
    Jsmi77y
    Member

    Thanks Jennifer! Much appreciated.

    REG - 68 | 71 | 88 | 86
    FAR - 72 | 74 | 79
    AUD - 66 | 70 | 77
    BEC - 62 | 74 | 80

    Guess that means I'm a soon-to-be CPA!

Viewing 2 replies - 1 through 2 (of 2 total)
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