Darla Barker, CPA owns a small tax practice located in Sydney. Darla's family friend, Stephen Grey, owns a small security firm in Newcastle. Stephen's banker has decided that Stephen's company needs to submit audited financial statements in order to maintain Stephen's line of credit with the bank. Stephen emails Darla asking if she would be interested in performing the audit of his company. Stephen is on a tight deadline from the bank and would like the audited statements within 6 weeks. Darla's tax practice has never performed an audit for any client previously. 

Should Darla accept the engagement? (Reference your answer to the APES110 Code of Ethics for Professional Accountants.)

Answer rating: 100% (QA)

Yes Darla should accept the engagement because it is a professional opportunity to e... View the full answer