SEC Independence and Nonaudit Services. Is independence impaired on these SEC filingaudits according to SEC independence rules regarding nonaudit services?a. CPA Dakota Tidrick is a staff assistant II auditor on the Section Co. audit. Upon theaudit completion date in January, Tidrick drafted the balance sheet, income statement,comprehensive income statement, statement of cash flows, and notes for review by theengagement partner before the auditors’ report was finalized.b. CPA Mel Carnes is a manager in the firm’s consulting division. He spent 100 hours withthe Section Co. audit client on an accounts payable information system study, whichinvolved selecting the preferred software and supervising Section Co.’s employees instartup operations.
SEC Independence and Nonaudit Services. Is independence impaired on these SEC filing
audits according to SEC independence rules regarding nonaudit services?
a. CPA Dakota Tidrick is a staff assistant II auditor on the Section Co. audit. Upon the
audit completion date in January, Tidrick drafted the
comprehensive income statement, statement of
engagement partner before the auditors’ report was finalized.
b. CPA Mel Carnes is a manager in the firm’s consulting division. He spent 100 hours with
the Section Co. audit client on an
involved selecting the preferred software and supervising Section Co.’s employees in
startup operations.
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