Question: Becker & Smith, CPAs, performs a financial statement review for BAM Markets ( BAM ) . Caroline, the manager on the job, learns that Don,

Becker & Smith, CPAs, performs a financial statement review for BAM Markets (BAM). Caroline, the manager on the job, learns that Don, a member of the review team, violated the independence rules. She discloses the violation to Dario, her firm's quality control partner as required under firm policy. Dario informs the approrpiate persons in the firm. Under "Breach of Independence" interpretation, what should Dario do next??

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1 Assess the Significance of the Breach Dario must evaluate the significance of the breach of independence to determine its impact on the review engagement This involves Determining the Nature and Ext... View full answer

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