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Category > Accounting Posted 08 Aug 2017 My Price 6.00

public accounting

Indicate whether independence is impaired for the individual or the public accounting firm on the following SEC filing audits according to SEC independence rules. (Yes or No)

a. CPA Yolanda is the Best & Co engagement partner on the Casa Construction Company (CCC) audit supervised from the Santa Fe office of the firm. Yolanda owns 100 shares of CCC.

b. CPA Yolanda sold the 100 CCC shares to CPA Javier, who is another partner in the Santa Fe office but who is not involved in the CCC audit.

c. CPA Javier transferred ownership of the 100 CCC shares to his wife.

d. CPA JavierAc€?cs wife gave the shares to their 12-year-old son.

e. CPA JavierAc€?cs son sold the shares to JavierAc€?cs father.

f. CPA JavierAc€?cs father was happy to combine the 100 CCC shares with shares he already owned because now he owns 25 percent of CCC and can control many decisions of the board of directors.

g. CPA JavierAc€?cs father declared personal bankruptcy and sold his CCC stock. CCC then hired him to fill the newly created position of director of financial reporting.

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Maurice Tutor
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Status NEW Posted 08 Aug 2017 04:08 PM My Price 6.00

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