Question
Becker & Smith, CPAs, performs a financial statement review for BAM Markets (BAM). Caroline, the manager on the job, learns that Don, a member of
Becker & Smith, CPAs, performs a financial statement review for BAM Markets (BAM). Caroline, the manager on the job, learns that Don, a member of review team, violated the independence rules. She discloses the violation to Dario, her firm's quality control partner as required under firm policy. Under the Breach of an Independence interpretation, what should Dario do first?
a)Immediately disclose the violation to the firm's management committee.
b)Report the breach to any person in the firm who needs to take action.
c) Speak to the client's review partner about reperforming all of Don's audit work.
d)Ask human resources to initiate an investigation into Don's conduct. Confirm
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