Acct 461/561 Audit II

Complete the following table by using the statements below to evaluate how each situation could affect independence of mind and independence in appearance, and the social consequence of prohibiting auditors from doing each one. Then, indicate whether the situation is prohibited by the AICPA Code of Professional Conduct or the Sarbanes-Oxley Act and SEC.

Begin by evaluating situations 1 through 4. (Complete all input fields. Each statement may be used more than once or not at all.)

Situation	Independence of mind	Independence in appearance	Social consequence	Code of conducts	Sarbanes-Oxley/SEC?
1
2
3
4