Furthermore because of Rezzos deep involvement with White Company it is

Furthermore because of rezzos deep involvement with

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statements. Furthermore, because of Rezzo's deep involvement with White Company, it is questionable whether he could maintain an independence of mental attitude if he did audit the financial statements. b. If Rezzo were justified in issuing a standard audit report on the financial statements of White Company, he should not do so until he has completed an audit of the financial statements. The auditor does not express an opinion on financial statements without first performing an audit. c. No, it would not be reasonable for the public accounting firm employing Rezzo to assign him to the audit of White Company financial statements. Having himself prepared the financial statements, although, Rezzo would be in the position of attempting to independently evaluate the products of his own work, independence of mental attitude in the appraisal of one's own work is extremely doubtful.
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  • Fall '15
  • JennicaMoore
  • Financial audit, PCAOB, Financial Accounting Standards Board

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