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For each situation ( 1 - 5 ) , identify whether there is a violation or no violation of the independence rule ( A -
For each situation identify whether there is a violation or no violation of the independence rule A
B
A No violation
B Violation
Jackson CPA has a new car loan from a bank
that is a client when the bank holds the title to
the car.
Priscilla Hudson, CPA, a partner in Hudson
and Danhoffer, CPAs, holds the position of
honorary director for the Friends of the
Symphony Orchestra, a firm audit client.
The wife of Gerald Skoch, CPA, is the
controller of Fine Corporation. Skoch is an audit
partner for Barnes and Bucknell, CPAs, in their
Long Island office. The Long Island office of
Barnes and Bucknell audits Fine Corporation,
but Skoch is not part of the audit team and
provides no other services to Fine Corporation.
Bob Shelton CPA, is the auditor of Cafe Ecko.
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