SondraStark_Unit9_Auditing410_02

SondraStark_Unit9_Auditing410_02 - 16­38 a. The CPA would...

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Unformatted text preview: 16­38 a. The CPA would want to make sure to perform some sort of audit or review. Even if it isn’t the most thorough one, it still has their name, therefore their character on the line. b. There is no problem with this. The CPA can review statements and offer recommendations. c. Again, there is no problem with this. However the CPA will of course want to make certain that they have all appropriate documentation to file said tax returns. d. The CPA will want to cover any single aspect possible in the audit. This is a public company, and again the CPA’s name, reputation, and character are all attached to this. This one is one where no mistakes can be made. 16­41 a. b. c. d. e. f. g. h. i. Going concern doubt Emphasis of matter Going concern doubt Inconsistent application of GAAP Emphasis of matter Justified departure Justified departure Both emphasis of matter and going concern doubt Both emphasis of matter and going concern doubt ...
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