Your non-dependent sibling has just started a new job as a Controller at Company ABC, which is
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Question:
Your non-dependent sibling has just started a new job as a Controller at Company ABC, which is an SEC audit client. What are the independence implications of this situation?
Your sibling cannot take the position as Company ABC is an audit client
There is no independence impact to you as your sibling is not an immediate family member
You cannot become a covered person to Company ABC while your sibling serves in this role
You may work on the audit engagement for Company ABC but your work must be subject to additional review
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date: