You are the Senior Manager of IAuditYou LLP, you were recently assigned to take over a very
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- You are the Senior Manager of IAuditYou LLP, you were recently assigned to take over a very important client for the company, The engagement partner, Max Roff, has been the audit partner for the past 4 years and has a great relationship with the client. As you are onboarded on the client, you started to notice that the CFO of the company and Max are not just friends but close friends. Their relationship includes frequent social events, gifts, overnight out of town trips that include lavish spending. You know that this type of relationship violates the firm and independent rules.
- Write a memo to HR informing them of the inappropriate behavior observed by the Partner, in the memo make sure to include/cite the SEC independence rules.
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 978-0132423502
4th Edition
Authors: Steven M Glover, Douglas F Prawitt
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