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CHAPTER 13 Duties of Public-Company Auditors: The Sarbanes- Oxley Act AM I ETHICAL? #23 23. A CPA firm requires recent college graduates joining its audit

CHAPTER 13

Duties of Public-Company Auditors: The Sarbanes- Oxley Act

AM I ETHICAL?

#23

23. A CPA firm requires recent college graduates joining its audit practice to sign an employment contract that specifically prohibits them from accepting "future employment at any time with any audit client for which they participated as a member of the audit engagement team." Assume that such an agreement is enforceable.

  • Would you expect a CPA firm to view favorably, or view unfavorably, audit staff members who quit to accept an in-house position employment with an audit client?
  • Would your answer to the preceding question depend on whether the employee quit two weeks before the client's audited statements had to be filed with the SEC?

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