Question: Dorothy attack senior associate has been assigned to the audit of ABC toys. Inc. Dorothy is concerned that Joanne a friend from her neighborhood is
Dorothy attack senior associate has been assigned to the audit of ABC toys. Inc. Dorothy is concerned that Joanne a friend from her neighborhood is on the accounting staff of ABC concerned about the appearance of her independence. She applies the AICPA conceptual framework and determines that threats to independence are not significant that is threats are at an acceptable level. What other action if any does the AICPA code of professional conduct required Dorothy to take obtain a written waiver from her firms general council, consider whether safeguards may reduce the threats to independence not participate in the order of ABC. No additional action is required of Dorothy under the code.
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