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

Becker & Smith, CPAs, performs a financial statement review for BAM Markets (BAM). Caroline, the manager on the job, learns that Don violated the independence rules by not disclosing that his sister works in a key position at BAM. Under the AICPA interpretation, Breach of an Independence Interpretation, what is the first thing Caroline should do?

options

1 Disclose the violation in accordance with policy to the appropriate person in her firm

2 Ask human resources to remove Don from the engagement team immediately

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