Question: Provide the AICPA standard code down to the specific paragraph. (AU-C, AR-C, AT-C, ET) 1. Assume that your firm is considering taking on the audit

Provide the AICPA standard code down to the specific paragraph. (AU-C, AR-C, AT-C, ET)

1. Assume that your firm is considering taking on the audit of a large bank. A partner in the office that will primarily be performing the engagement has a mortgage loan at the bank. Identify the specific paragraph from the AICPA code that will indicate any conditions under which this loan would not impair the firm's independence.

2. The firm Agnes and Abner, CPAs, has been asked to perform a review of historical financial statements for a regional, non-public company that is seeking a bank loan for expansion. Agnes is trying to reasonably ensure that the firm performs all required procedures. Provide the specific paragraph from the standards that describes two categories of professional requirements for this engagement

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