Determine the provision of nonaudit services


Response to the following :

The following situations involve the provision of nonaudit services. Indicate whether providing the service is a violation of AICPA rules or SEC rules including Sarbanes-Oxley requirements on independence. Explain your answer as necessary.

a. Providing bookkeeping services to a public company. The services were preapproved by the audit committee of the company.

b. Providing advice to a private company client on accounting for a merger with another private company.

c. Providing internal audit services to a public company that is not an audit client.

d. Implementing a financial information system designed by management for a private company.

e. Recommending a tax shelter to a client that is publicly held. The services were preapproved by the audit committee.

f. Providing internal audit services to a public company audit client with the preapproval of the audit committee.

 

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Auditing: Determine the provision of nonaudit services
Reference No:- TGS02111908

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