contain confidential client information B. A member discloses confidential client information to a professional liability insurance carrier after learning of a potential claim against the member C. A member discloses confidential client information to court in connection with arbitration proceedings relating to the client D. A member whose practice is primary bankruptcy discloses a client’s name D A 怎么保存资料 B 已知可能有的lawsuit出现 C 法院要求出示 3. Which of the following acts by a CPA is a violation of
Words: 739 - Pages: 3
the audit report. In the event that an auditor receives a request to reissue his or her evaluation of going concern and remove the explanatory paragraph, one can refer to the PCAOB’s AU Section 9341 for the interpretations of AU 341. These inquiries usually arise when the circumstances that caused substantial doubt for the company’s ability to continue as a going concern have been solved. AU 9341 interprets Section 341 by stating that the auditor is not indebted to reissue the report just because
Words: 5831 - Pages: 24
Accounting, Organizations and Society 38 (2013) 596–620 Contents lists available at ScienceDirect Accounting, Organizations and Society journal homepage: www.elsevier.com/locate/aos An accountability framework for financial statement auditors and related research questions Mark E. Peecher a,⇑, Ira Solomon b,1, Ken T. Trotman c,2 a Department of Accountancy, College of Business, University of Illinois at Urbana-Champaign, 1206 South Sixth Street, Champaign, IL 61820, United States
Words: 21009 - Pages: 85
conclusions, and the final report; * Facilitate third-party reviews and re-performance requirements; and * Provide a basis for evaluating the internal audit activity’s quality control program. Audit working papers are the property of the auditor. In order to keep professional ethic, it cannot discover to third party without consent of the client unless limited specified situations mentioned in ISA 230 Documentation and required by law, the examples are court order, for public interest and
Words: 289 - Pages: 2
independence * Courts’ view: auditors must act in the interest of external users of F.S. * However, such impartiality is impossible under current institutional arrangements. The Structure of the Auditing Relationship External users: Stockholders, financial advisers, regulators, lenders, creditors, etc. Client (audited firm): has incentives to present the “best” F.S. Hires and pays Represents Independent auditor: Give an opinion on F.S. * Through an qualified audit report, management
Words: 341 - Pages: 2
Canadian Imperial Bank of Commerce, JPMorgan Chase, Citigroup, Merrill Lynch, and Credit Suisse Group as codefendants with Andersen. Why would the plaintiffs name so many entities in their lawsuit? Merrill Lynch and Credit Suisse asked a U.S. appeals court to rule that the complaint should not have been certified as a class action suit. Why would these entities make such a claim? Case # 2 PTL Club–The Harbinger of Things to Come? P. C5 DISCUSSION QUESTIONS 1. What similar factors led to the demise
Words: 590 - Pages: 3
| | | Home | Previous Page | | | | | | | | | | | | UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION, 450 Fifth St., N.W. Washington, D.C. 20549, Plaintiff, v. KPMG LLP, JOSEPH T. BOYLE, MICHAEL A. CONWAY, ANTHONY P. DOLANSKI, RONALD A. SAFRAN and THOMAS J. YOHO Defendant. | ) ) ) ) ) ) ) ) ) ) ) ) ) ) | Civil Action No. 03 CV 0671 (DLC) FIRST AMENDED COMPLAINT SECURITIES FRAUD
Words: 17525 - Pages: 71
Health Management, Inc. was a pharmaceutical sales company who faced many problems after their fiscal year ending on April 30, 1995. They had issues surrounding a in transit inventory problem that totaled up to $1.8 million. Involved in the problem was an independence problem with their auditors. Professional accounting standards do not specifically state what is considered “friends”. This issue is highly controversial because there is not a defining point to where the independence issue is clearly
Words: 881 - Pages: 4
1. CASE SUMMARY Androids is an audit firm which provides audit and consulting services to their clients. Androids & Co started in 1913 when Arthur and Clarence, both from the audit firm of Price, bought out a small audit firm in Illinois to form Arthur, Clarence & Co, which became Androids & Co in 1918. Arthur Androids, who is the founder, headed the firm of Androids & Co until his death in 1945. He was a passionate supporter of high standards in the accounting industry. In 1945, Leonardo
Words: 4487 - Pages: 18
Safiqur Rahman Mahadin Anik Mahmudul Islam Arnab Kumar Chakrabartty Abdullah Al Noman Namrata Chakma Date of Submission: November 11, 2014. 1|Page This Report Includes The Following Contents Chapter No. Contents Page No. 01.Introduction 1.1 1.2 1.3 1.4 Introduction. Scope of the report. Objective of the report. Limitations of the report. What is corporate fraud? Kinds of corporate frauds. Reasons for corporate fraud. Auditor’s role. Bangladesh perspective. Findings of the study. 03 03 03
Words: 3700 - Pages: 15
