Janay Butler, a senior auditor, is aware that under SEC rules her accounting firm should not conduct appraisal or valuation services for a public company audit entity. However, her manager has requested that she appraise some specific large inventory items to verify the company's accounting estimates as part of the audit.

Are independence-related SEC rules are being violated?  Explain reasoning.

Answer rating: 100% (QA)

Yes independencerelated SEC rules are being violated in this scenario The SEC prohibits accounting f... View the full answer