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Could you please help to answer these questions. Just want to confirm that my own answers are correct. Thank you! 1. Robin & Redbird, CPAs
Could you please help to answer these questions. Just want to confirm that my own answers are correct. Thank you!
1. Robin & Redbird, CPAs audits the financial statements of Blue Jay Investments, Inc. As part of their engagement letter agreement, the firm and the client have agreed to use alternative dispute resolutiontechniques to resolve any disputes relating to the engagement. There are no disputes between the firm and the client at the present time,Would the areeement to use ADR techniques impair Robin & Redbird, CPAs independence with respect to Blue Jay Investments, Inc.? A) Yes, this would impair the firm's independence in all cases. B) Since this is a pre-dispute agreement, the firm's independence would not be impaired. C) ADR techniques are not allowed to be used in engagement letters between a frm and an attest client. D) None of the above are correct 2. Clayborne, a member, practices in public accounting and has her own CPA firm. Due to some cash flow issues, she has not paid her AICPA dues and is now 3 months overdue on such payment. For the same cash flow reason, she has neither complied with the AICPA's practice monitoring program or the continuing education requirement for membership retention Which of the foliowing is correct concerning the action(s) the AICPA Board of Directors may take against Clayborne? A) The Board may terminate Clayborne's membership for the three month delinquency in payment of her dues. B) The Board may terminate Clayborne's membership for failure to comply with the practice monitoring program for membership retention. C] The Board has no power to terminate Clayborne's membership for any of situations noted. D) Both a. and b. are actions that the Board may take against ClayborneStep by Step Solution
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