What are client hosting services? Would a CPA/CPA firm violate the Independence Rule if it provides hosting
Question:
What are client hosting services? Would a CPA/CPA firm violate the Independence Rule if it provides hosting services for a client? Explain when it would or would not impair independence. Would independence be impaired in the following situations? Explain why or why not.
(a) Electronically exchanging data or records with or on behalf of an attest client when the CPA has not been engaged to retain custody or control of the data or records on behalf of the client.
(b) Maintaining the client’s general ledger software and providing copies to the client.
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a Client hosted services are outsourced information technology systems and functions A hosted service provider owns and oversees infrastructure software and administrative tasks and makes the system a...View the full answer
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my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
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Related Book For 
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259969461
5th edition
Authors: Steven M. Mintz, Roselyn E. Morris
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