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Author Question: Under the AICPA independence rules, independence can be considered impaired when (Read 74 times)

Deej

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on: Aug 21, 2022

Question 1

The Sarbanes-Oxley Act ________ a CPA firm from doing both bookkeeping and auditing services for the same public company client.
◦ encourages
◦ prohibits
◦ allows
◦ allows on a case-by-case basis

Question 2

Under the AICPA independence rules, independence can be considered impaired when
◦ billed fees remain unpaid for professional services for more than ninety days.
◦ a client in bankruptcy has unpaid fees for more than one year.
◦ there is litigation by the client related to the auditor's tax or other nonaudit services for an immaterial amount.
◦ there is a lawsuit by the client claiming deficiencies in the previous year's audit.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Deej on Aug 21, 2022

annaelena92

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Deej

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

parker125

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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