Justin Timberlake, CPA, has served as the auditor for the XYZ Corporation for many years. In...
Justin Timberlake, CPA, has served as the auditor for the XYZ Corporation for many years. In addition, Timberlake has performed other services for the company. This year, the Chief Financial Officer has asked Timberlake to perform a major computer system evaluation.
- Indicate which principle or rule would be violated, or if none would be violated.
- State why the rule would be violated.
- Explain if there is a way to avoid breaking the rule by doing something different in these examples.
Homework Answers
a. As per law , Timberlake has violate the rule by perfom the other services while he is also auditor of company.
b. Statutory Auditor canot able to provide other services to auditee as it can also affect the auditor decision.
c. No, there is no chance by doing some different services provide to auditee other than audit.
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