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Unformatted text preview: The problem is that Duffy gave Jim a gift for the sale she made with Jim best friend the owner of the company. It looks like Jim got paid for the information he provided to Duffy. 4 Rule 501 – Act Discreditable – is not a violation. Even thought is the fourth time the sentence he got was less that a year. 6 Santion and suspend CPA firms temporary or permanently from doing audits for SEC companies. This based on lack of qualifications or not property professional conduct. 8 Planning the Audit. Help the auditor understanding specific audit risks. This includes accounting balance comparison computation of ratios, and regression analysis. Substantive test. This is not required, but auditors uses it to achieve a certain level of assurance. Final review. To help the auditor reach a conclusion in the account balances and financial statements....
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- Spring '11
- Financial audit, CPA firm, specific audit risks