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Banks & Jones, CPAs, performs a financial statement review for Meyer Markets. Charlie, the manager on the job, learns that Dan, a member of the
Banks & Jones, CPAs, performs a financial statement review for Meyer Markets. Charlie, the manager on the
job, learns that Dan, a member of the review team, violated the independence rules. She discloses the violation
to Anthony, her firm's quality control partner, as required under firm policy. Under the "Breach of an
Independence Interpretation" interpretation, what should Anthony do first?
Speak to the client's review partner about reperforming all of Dan's audit work.
Immediately disclose the violation to the firm's management committee.
Ask human resources to initiate an investigation into Dan's conduct.
Report the breach to any person in the firm who needs to take action.
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