What are client hosting services? Would a CPA/CPA firm violate the Independence Rule if it provides hosting services for a client? Explain when it would or would not impair independence. Would independence be impaired in the following situations? Explain why or why not.
(a) Electronically exchanging data or records with or on behalf of an attest client when the CPA has not been engaged to retain custody or control of the data or records on behalf of the client.
(b) Maintaining the client’s general ledger software and providing copies to the client.